Due to put options that became in-the-money on Friday 7/16, I had to buy the following stocks: AA, BG, C, CC, HAL, MOS, MU, SLB, SMH, VWO.
All these stocks/ETFs have moved up along with the broad market. AA (Alcoa) jumped up around 10% yesterday. Crazy market, eh? What were people doin'?
I have to see where they are now with respect to my option strike prices. When I add in the premium that I got from the put options, it is most likely I have net gains.
More, more, more shares... I've got to unload some to convert back to cash. Stock AA at 78% right now. I need to get busy selling covered calls to reduce some positions.
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)