SPY

Sold to close position SEPT SPY88 PUTS SZCUJ @ $5.15 for 18% GAIN.

SRS

Bought to close all SRS AUG18 PUTS @ 95 cents for a 18% GAIN on the close.

Just felt like covering my position and will look for possible re-entry later in the week.

SPY

Sell to close SEP SPY90 PUTS SWGUL @ $5.20 for a small GAIN. $$

Underlying: getting gummed up here; hitting major support at the Daily 200. Will re-evaluate towards end of day for entry again.


I am still net short the market with SRS naked or cash secured puts and GS PUTS. Just want to see how this head and shoulder pattern will play out.

FLR

Sold to close the remaining position in FLR FLRVJ @ $6.20 for a 10.7% GAIN. Not much, but I will look to for a better trade.

FLR

Sell to close OCT50 PUTS FLRVJ @ $7.00. Flour FLR just reached my first target price of $48.

I took half of my position off for a 25% GAIN. Will keep the rest for the next target of $46.00.

EEM

Sold to close EEM JUL32 PUTS EEMSB @ $2.00 for a 33% GAIN in 1 day.

SRS

Closed more of my SRS JUN19 NAKED PUTS @ $.15 for a 88% GAIN. Still holding a small position now. $$

UNG

Buy to close UNG JUL13 PUTS UNYSM @ $.40. FILLED. 53% GAIN.

CLF

Closed the rest of my naked JUN17 PUTS CLFRZ for a 40% GAIN in 4 days. I still hold a naked JUN19 PUT position.

Even though I stated that the CLF puts were safe earlier, I went ahead and took profits. I think the markets will reverse and give me better opportunities later.

UNG

Closed my cash secured put position UNERO @ 55 cents for a 31% GAIN in 5 days.

CLICK HERE for opening post.

ACI

ACI - Closed my position for a small gain of 3%.

SUN

Sold my SUN position for a healthy $2/share profit.

I am not done with it though. I will enter again.

SRS

SRS - I closed some more of my position in SRS PUTS now for a 57% GAIN

SGR

SGR - Closed my position for a 35% GAIN.

SRS

SRS - Closed some of my MAY20 PUTS position @$.55 for a 50% GAIN.

NDAQ

NDAQ - Closed the other half of the position now (NQDQT) @ 40 cents for a 60% GAIN.

NDAQ

NDAQ - Closed half of the position @.75. This is the half that I sold for $1.25 2 days ago.

40% GAIN in 2 days.

Still have the other half that I sold @$1.00.

See previous post: CLICK HERE

ANR

ANR - Closed the rest of the position ANRQC MAY15 PUT @.45 for a 57.5% GAIN. I changed my mind from the previous post for holding it through earnings of CNX.

ANR

ANR - Closed 1/3 postion of ANR MAY15 PUTS @$.50 for a 53% GAIN.

Will keep the rest through CNX earnings up to ANR's earnings May 6th.

UPDATE 12:23PM: Stock is higher today because of some buyout rumors.

CNX

Consol Energy (CNX) - I closed the other half of my position for a 64% GAIN. I don't want to hang out through earnings on this one, especially after NSC report on coal shipments. I am completely out of CNX for now. Bought to close CNXQD @$.30

Norfolk Southern Q1 Earnings Call (37.37 ) -Update : Co says the recession continued to depress transportation demand, volumes were down 20%. Total coal revs fell 9% y/y, intermodal revs fell 25%, merchandise revs down 28%. Looking ahead, co says the auto and housing markets' bottom may be at hand. Co sees growth in scrubber stone, agrifuels, military traffic and waste products; sees weak metallurgical coal demand in U.S. and export markets, lower electricity demand, competition from natural gas. Co sees local domestic intermodal market growth, weak international shipments.

This report could be a tell of CNX earnings report. I have a position in Alpha Natural Resources (ANR) also that I may consider getting out of with a gain. If CNX's report doesn't effect the coal sector too much either way, I will consider writing more May puts for time decay income. I will keep you posted.