Wednesday, February 21, 2007

Quick Update

Increased the First Marblehead (FMD) position by roughly a third at 45.80.

Wet Seal (WTSLA) started off the day very strongly, moving to 6.50 before stalling and giving back all of the move.

Looking to sell covered calls on some positions in the near-term, as I am still a bit nervous about the market in general. And, I might be selling puts on Yahoo! (YHOO) if the stock declines and premiums get better. I would be selling them in hopes of having shares put to me allowing my re-entry at a good price.

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