ARR Secondary

I was rather concerned in my first post on this subject but now that I have some history with this stock I regard these secondary offerings as buying opportunities. The price drops have been minimal with a gradual move upward afterwards, and the dividend payout has been maintained (nearly a 17% annual yield, paid monthly). I have no way to know how long this will last, but I'll take it while it lasts.

Selling Scared

This headline driven market is too choppy for me to sit on profit long as we're heading into options expiration next Friday. So I'm closing out well-ITM March calls rather than convert them to bull call spreads. I closed out KEG and most of my MPEL calls.

I bought well-ITM May AAPL calls. Go Apple.

MIC has been cranking along, FTK had a nice +9.2% day. Too bad I locked in my profit two points ago.

Cautiously Cautious

Yesterday morning the futures were up huge pre-market, so I covered my stock shorts which worked well for MPEL, but LGF barely got out of the gate before turning around. I sold under-performing STLD and bought shares and calls in CMI.

Dodging Bullets

My MPEL stock position closed when it hit the trailing stop. My SIMG puts were sold at a profit. Finally, I went delta neutral on my LGF and MPEL call options by selling short matching shares of those stocks. 4 for 4 for the day.

Moving Toward Cash

I didn't care for the charts Friday with the Russell 2000 topped out and the Nasdaq and S&P Mid-Cap 400 about to start down. Then there were all of the good stocks that were losing their footing. Even VectorVest was signalling caution.

I took some money off of the table here, trimming option positions that are more apt to trail down.

I sold KEG calls in one small account (no option for spread conversion). I put in "execute and sell orders" for HMY and STLD (no liquidity), and sold my calls for SCCO and SPRD.

Flip Flop

I did the opposite of Wednesday's game plan. I sold (to open) March calls to restore bull call spreads on FTK and WPRT. Then I sold my March calls for MYL and WYN netting -0.75% and +12.04% respectively. I'll let MPEL and some others run another week or so. I bought April calls for LGF.

Nice Bounce

WPRT and KEG rebounded somewhat, MPEL is surging ahead, I bought some more March HMY calls, and sold some covered calls.