Position Updates – 02/23/2014

Most of my focus this week was in dealing with existing positions that had February Options involved. I provided my plan here last weekend. A few notable events in the regular positions:

  • $CCL I exited this trade on 2/21 (stock called away, L PS went poof)
  • $CSTM I added a new long on a trigger at $27 on 2/18
  • $UBNT I added a new long on a trigger at $46 on 2/18. I have since sold the stock piece and opened up a Mar 50/55 Call Spread using some of the gains
  • $EWW I remain short stock from $64 as a hedge on the short premium
  • $CSOD this was a one day trade that was closed on 2/19
  • $PDH was exited (the Short Feb 10 Puts went poof, the remaining piece)
  • $DGX was exited on 2/19 with an overall gain of $6.15
  • $NUS the February 90/95 CS goes poof (submarine basket). overall gain on the trade was $14.76
  • $WGO now has a $6.70 Option cushion (submarine basket)

Submarine Basket:

  • $BYI I remain Long March 70 Calls (the Short February pieces went poof)
  • $FNSR I am long stock
  • $KR I am long stock
  • $MA I am long stock
  • $PG I am long stock
  • $WGO I am long stock and Short the March 25 Straddle (1/2 size each)

* Note: with the closing of several trades this week the Option Net shrinks to $6.438 & current stock gains of $12.41

Earnings:

  • $EL I am Long the March 67.5/70 CS & Long the March 67.5/65 PS
  • $FLT I am Short the March 120/125 CS & 115 Puts
  • $CONN I am Long stock (2nd trip), Short the March 35 Calls (2/3 size) & March 35 Puts (1/3 size)

Here is the Summary:

Positions_02232014

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