So, to add some spice in my life, I picked up a bear put spread $15-$17.50 on SanDisk (SNDK) for 0.87.
Sold Aug $15 SWQTC at 0.53.
Bought Aug $17.50 SWQTW at 1.40.
They announce tonight, so I'll find out pretty quickly if this is going to cost me money or make me some. With my luck, I'll probably lose the first time in quite a while that I jump onto the dark side of the trade. Ha ha. It's a really small bet, so it won't hurt me too badly if I'm wrong.
In other news, the Wet Seal has fallen quite a bit today, down about 8%. Haven't seen any specific news, but most other retailers are also falling today, albeit not quite as much. Anyway, nothing for me to worry about. Just wait and see what happens.
I might sell some Citigroup (C) calls at some point to reduce my exposure a little bit. But, I'm not quite ready to do that yet. I will likely sell another round of calls on General Electric (GE) soon though.
*** Edit #1 ***
Well, as gaamblor already mentioned, SNDK missed its numbers (both top and bottom) by a huge margin. I am surprised at the size of the miss, as well. I guess this means that I'll probably be making money off of the spread barring some hidden good news in the conference call that'll start in about half an hour.
Shares traded as low as the mid-15's, and now are hovering in the $16 - $16.50 range.