Closed out some very profitable trades (see below). Still bullish, but only in the short term. The Dow should hold 10,000, which means selling covered calls is the right move.
SOLD June 55 calls for $1.90.
Also:
Bought 2000 shares of CAGC at 11.85. No options sold against this yet.
Bought 200 shares of MA at 212.00, sold 2 call options, June 220s for 7.70.
Bought 300 shares of BIDU at 68.88, sold 3 call options, June 75s for 2.85.
See you next month...
Saturday, May 22, 2010
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