Thursday, May 20, 2010

Taking Profits

Sold the MGM and WGO puts that have come deep in the money.

Still have lots of otm puts on MGM WGO PCY STD and GE. Also straight short small amounts HOG and REG.

Looking at VOD calls as a play for a bounce.
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2 comments:

  1. billmasiMay 20, 2010 at 3:45 PM

    Thank you for sharing your insights. I added some of my shorts to yours and have had a very profitable week.

    Mostly flat now but for PCY puts and some late-in-the-day SPY calls.

    Thanks again,

    Bill M

    ReplyDelete
  2. CPMay 20, 2010 at 4:31 PM

    Good to hear.

    I did end up getting the VOD calls I think that is a good way to play it.

    ReplyDelete