MPWow!

MPW gapped down big again this morning, I'm so glad the other positions were closed early. I'm not sweating the small positions so I bought some May and July calls. Not that I'm expecting it to go back where it was anytime soon, but any rebound will be profitable. BofA downgraded MPW to underperform but the earnings estimates are holding. So am I.

I bought more JAZZ shares - they closed up.

My EXLS shares hit the 3% trailing stop, +14.5%.

I didn't see OIH holding through next week so I sold my $3 spread for $2.93, +12.4%.

I sold 2/3 of my SMS shares, the ones with the highest cost. -4.8%. I'll look for a better entry point down the road.

I sold some CRZO options (butterfly) expecting that it will move one way or the other from here.

Selling and Buying the Same Stock

MPW had an odd day. The dividend posted to my accounts then the stock dropped at the open, tripping my tight 3% trailing stop loss orders, closing out positions at +22% and +14% (not counting dividends). As it turns out, I had staged orders to buy MPW for two other accounts pre-market. So why not buy it on sale? We'll see how things shake out. At least now the big money is off the table ... it was 6x the new stake.

I also bought shares in NNN and calls in HEP based on new stock screens. I was also going to add onto my JAZZ position but got distracted.

Me of Little Faith

I bought CTRX calls and stock today. So far so good.

I sold OTM URI calls against my June calls for a calendar spread.

I tried to catch falling knife HMA using some calls but only slowed it down a little (and got blood all over my portfolio).

I meant to sell April OAS calls (for a spread) but instead bought 'em. Oops.

And overall, what a day. So many things I shouldn't have sold.

Selling, Part 7

The FLT shares hit the stops, +6.1%.

I sold some of my June KOG calls, -46.6%. I still like the prospects but have to wait to see where KOG bottoms before I load up again.

I bought June KOG puts to go delta neutral with my KOG shares for the time being.

Sell Off

The trailing stops kicked in today. PSEC positions closed out at -6.9% and -5.5%, not including dividends. TICC closed at -6.6% (sans dividends), and HMA at +16.8%.

I executed the last of my MPW calls, +46.7%.

I bought calls for ESRX when a low limit order triggered (and still paid too much).

Update

Let's see ... I sold calls for a bull call spread conversion of my OIH calls. That should return 17.6% less commissions.

I exercised and sold half of my MPW calls, +49.6%.

I closed out the SLV calls I rolled from March to this Friday, -76.8%. My bad luck with silver and gold is confirmed once again.

A low limit order triggered and I bought some more SMS shares.

CVI looked like it had bottomed as it launched out first thing this morning. It closed down 5.3%. It had plenty of company though ... my CRZO was down 4.7% along with KOG and OAS, down 1.8% each.

Sell First, Ask Questions Later

About 1/3 of my KOG shares got stopped out, +0.86%.

I sold my April HMA calls, +37.6%.

My buy order for more SMS shares filled.

This market's action is making me nervous so I'll continue to sell to protect profits and raise cash.