EOFeb Update

Yesterday I bought more shares of MPW and PRAA, and converted some of my URI calls to well-in-the-money call spreads. CRZO did well and URI is still running well.

GTLS was up 10.8% for the day.

I have some SLV calls that expire tomorrow that need a little help.

Good Recovery

I got distracted this morning and ECL and JAZZ tripped the trailing stop loss orders after reporting earnings. SLRC followed shortly thereafter. -2.7%, -8.1%, and -2.3% respectively. ECL rebounded nicely with a 4.2% gain.

Low limit orders for ARR and URI filled and both stocks closed higher. I bought calls for CRZO which reported a good quarter and closed up over 6%.

I closed out my TBT credit spread to free up some options money, +12.8%.

Good Start, Bad Finish

I re-bought some AI shares early on, and some SLV calls. Later the rest of the VRTU order finished filling. The trailing stop loss orders are in place (mostly) but I hope they don't fire off just yet.

At least GLD, GDX, and SLV were up.

I'm expecting a choppy ride this week followed by a rally at some point. I'll probably adjust or suspend my TSL orders so I don't get kicked out at the bottom.

Stupid Apple

I covered my AAPL $140/$150 credit spreads before the close since AAPL couldn't stay above $150. At least not until the last 5 minutes of the trading day. How aggravating. Returns were +7.9% and +5.6%, which isn't bad for a week, but there was way too much risk and drama.

My GLD spread will take the max loss, -100%.

I bought back shares of KOG and VRTU. Both closed higher. The calls purchased yesterday for URI and TAL are helping recoup losses.

Round Two

The morning started off with more trailing stop loss orders firing off. GEOS (+3.4%), KOG (-2.9%), and TAL (-0.4%) shares sold.

Both TAL and URI were down quite a bit so I bought call options on them.

The Sell-Off

What a day. It started out okay and I bought shares in JAZZ, FLT, and ARR, calls on URI and FLT, and sold bull put spreads on XLB and XLI. All underwater. What a difference a few hours made today.

I decided to sell 1/3 of my REGN to lighten up that losing position, -15%. Later the stop loss orders started kicking in. URI (+4.5%), AI (+8.5%), and HAIN (-11.4% and -3.6%).

Dead (GLD) Bug

Last Thursday was bad. But on Friday when GLD gapped below my short put strike, then dropped below the long put strike, it was bad for my GLD credit spreads. For lots in two accounts, -92% and -100%. Then there's the spread for this Friday and next month. Oh, and there's GDX for next month too. Fingers crossed.

The UNG credit spread puts expired worthless, +25%.

The new position in NSM just clipped the trailing stop and sold Friday, -0.6%. Today DVA hit the stops, +4.8%.

I bought calls in DBA, hoping for a short term reversal.

I bought shares of GOOG and GTLS.

GALE, GEOS, and AI had a good day.