Tuesday, April 23, 2013

Selling the Rally

I sold the KOG puts that held my shares delta-neutral until KOG could find a bottom (hopefully), +29.4%. Fingers crossed that KOG moves up from here.

I sold in-the-money calls against my May calls for HEP and VRTU. I sold OTM calls against my July AWAY calls. I bought June BA calls.

It looks like the APPL earnings report disappointed some - the stock is again below $400 after hours (for what that's worth) after closing at $406.13 (above my $405 short call for Friday). That's fine by me as I'd just as soon keep selling the weeklies.

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