I sold the sep 40 call, sep 30 put strangle in AIG for a little better than $6 bucks, so im safe to $46 on the upside and $24 on the downside. We'll see how that works.
Its another quiet session with the SPUZ basically unchanged. The Cubs are playing a makeup game vs the Sox today so something to watch as the market is allready in holiday mode.
I sold my FSLR calls this morning. Im buying a little APO in here - its a REIT (no dividend right now) that just sold some properties in Puerto Rico which generated almost 10 million in cash for them and the company has a market cap of just over 30 million, I dont think those assets they sold are 1/3 of the companies value - biggest problem here is that the stock trades by appointment.
Really quiet
JB
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Hey JB,
ReplyDeleteLooks like shorting CHK was a good call. I assume you've done well on that one.
fp
its worked out so so - the speed of the downmove is not helping
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