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...
