Manicuring

I wrote a bunch of covered calls which at the time were a good deal out of the money but are now near or in the money due to the fact that my positions have performed well. That serves to reduce my long exposure. As such I used today's pre-market weakness to remove some hedges as I was becoming a little over hedged.

5 comments:

Anonymous said...

Long DRV @ 19.86

Ol Dawg

Anonymous said...

has the market worked off it's overbought yet?

Tsachy Mishal said...

Nit yet and it certainly has not worked off the extreme sentiment with the ISE above 200.

Anonymous said...

nice timing dawg!!

Anonymous said...

Ol Dawg back up in dis hizouse!