Wednesday, July 9, 2008

SOLD!!! Most of everything... Reassess

Sold:
HK Sept45call 23% gain (4-ish am HST)
IPI Aug60call 20%+ gain (4-ish am HST)
DUG Aug35call 39% loss (glad i sold)
IYR Sept58put 44% loss (sold too soon)

The last sell (IYR) i just plain gave up, but as it turns out it looks like it may get ITM soon. So, sold off a bit prematurely. The same could possibly be said for IPI but a profit is a profit and it looks like my wins outweigh my losses so far today.

Will reposition portfolio at sessions end. Oil is still unstable, but it still keeps a cap on rallies.

So, i have a couple things to consider: buy IYR puts again, USO deep ITM calls, HK calls, GOOG far puts (Tim), and some other stuff...

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