Hope everyone had a good weekend. Mine was not the most relaxing, but it ended well.
Anyway, I got back into eBay (EBAY) at 31.70 and sold Network Appliance (NTAP) short at 31.79. Both are medium-sized positions in the Trading Portfolio.
Contemplating adding to Glatfelter (GLT) in the Long-Term Portfolio, but I'm probably going to hold off on that. Also, thinking about selling the July 40 puts on Form Factor (FORM) as I try and figure out how to re-enter that position.
2 comments:
I would have thought you would have had a "quick update" on YHOO tonight. I guess that means that you will do better than I did when you sell your call tomorrow! I sold JUL 30 today for .80 before news of Semel's departure really hit big. I am toying with rolling that into a 32.50 tomorrow - or hoping for a temp drop (maybe on an interest rate hike the last week in June?) and then rolling up?
Still - I am happy with the $2.25 in call premiums that I have already collected - and if the stock gets called away, it will be a net result of about 10% gain for me for about 4 mos. Not too shabby.
Ya, been really busy all day. I was tempted to sell some YHOO calls today, but when I checked the activity around noon today, I saw a whopping 38K calls had traded and the stock was up. So, I figured I'd hold back.
With Semel out, I do think YHOO moves a little higher. I will probably sell calls on the position at some point, just not sure when.
That said, I think the choice of Jerry Yang is a bit odd, but I'm not intimately familiar with his skill set. But, any wave of change and new ideas are welcome by me (and investors based on the afterhours activity).
I definitely don't expect a rate hike any time soon, but I'm no seer. Hehe. And, 10% in a few months is definitely nice. Nice work.
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