LCC gapped up this morning and started fading. I sold half, thinking I was being trigger happy. It kept going down so I sold the rest. LCC is not a stock I can bank on. Net +35.9%.
Then I sold covered calls for AAPL for next week's expiration. I added on to my LGF calls. The MYL covered calls I sold expired OTM.
My spreads worked out so-so. The CLMT $22.50/$25 spread closed safely at $27.03. But MNTA of course went on a tear this week so I'll take a small loss on that $20/$15 put spread. CMG went the other way, from breaking $440 earlier this week to close at $419.26. That's just low enough on a $350/$420 bull call spread to be a PITA. I did an Execute-and-Sell on the 350s (the $420s were covered by May $370s).
Updated returns: CMG +116.0%, CLMT +82.9%. I have shorted stock in MNTA to close out.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment