Monday, April 20, 2009

Enter the Crash

So Friday I was feeling pretty good about expiration week. Closed out some decent trades. Let a couple puts expire worthless. Did an April naked put on Wed on C @ a $4 strike and bought it back Friday under 3.90 and still made money so I was feeling like a rockstar on that. Today I got stopped out of a long call on BMC but I have a put verticle on it that still looks ok. Even thought everything else is down with the market my overall positions look ok to me other than most of them are ultimately bullish. I'm still not very comfortable right now with neutral plays. How did expiration treat everyone else and how are you starting off the May cycle?

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