Tuesday, July 14, 2015


Shades of Hawaii 5-0.
I just closed out my Barnes 'n Noble Leap Strangle. It was going fine but in August they spin off some Education part - BNED, which makes options even messier (covered calls, puts). Nice profit for just over i year - 28+%. Plus the safety of having brought in $$ to hedge. (Does not include margin sequester for the put - only the stock cost.).
Did take minor losses on CHK (oil) and FCX (copper) - as China sells commodities to raise cash for the $4T market loss (Their GDP is  only $10T.

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