Bought GREK and EGFEY. Shorted CFR, FFIN, LQ, PB and TCBI.
Thanks
Lance
I've got limit orders for EGFEY in at 0.0425. Whoever picked it up at .045 today was lucky - I'm just angry they got their order filled and not mine :/
As for the thread topic:
I sold a bunch of calls today.
For background: A few weeks back I started a P/B portfolio that will be more passive than my main one with about a quarter of my assets in it. I simply took a list of the lowest P/B stocks in the U.S. and a few ones that I can easily pick up abroad and selected the 10 that had the lowest values with the caveat that they had to have recent insider buying. This portfolio is very, very heavily energy dominated. Today, a large number of those energy names spiked double digits allowing me to sell 1 month calls with strikes at 5-10% premiums to the current price for premiums the size of 5% of the underlying notional. Seemed like a great deal so I went short a ton of 1 month calls.
