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Making Moves
Sectors: Aerospace
, Basic Materials
, Business Services
, Computer and Technology
, Construction
, Consumer Staples
, Medical
, Trading Idea
Symbols: ACI, BIIB, CPX, CRK, DKS, ENER, FCN, FLIR, LLL, LNCR, NUVA, PVA, RGLD, RYL, TRMB, VLO, WBD, WFR
Yesterday I was stopped out of VLO, and I reduced my positions in WFR, LH, FLIR, RYL ahead of earnings. I also picked up a few contracts in LLL, DKS, and WBD. At the open this morning, it looks like I am not going to have much use for LH, FLIR, or RYL any longer. I also sold WFR at the open, since lately these moves don't hold. I am taking profits on my energy shorts here. I am not going to risk the money on the table over a potential rally. This includes SD, GDP, CPX, CRK, PVA, ACI. I am leaving a quarter of my ACI position on over earnings.I am also going to take profits on my call positions in BIIB and LNCR. I think they have moved as much as they are going to.
To balance things, I have picked up some puts on DECK, ENER, and TRMB.
Finally, I am watching NUVA ($46), RGLD ($34.30), and FCN ($71ish) to close today. NUVA and FCN will leave me with some profits, but RGLD will result in a loss. Let's see how things get rolling here into the afternoon...
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