How to create a bubble

We're all learning first-hand how to create a bubble. I'm not companining about the bubble anymore. Just observing & trying to profit from it.

Initiated a 50% position on Sprint (S). I've been waiting for this price for more than 2 months.





Sold August $9 Strike Puts on Las Vegas Sands (LVS):





Sold some Naked Puts (August 15 Strikes) on Hartford Insurance (HIG). If I'm assigned the stock, I'd like to own this for a while.




Genzyme (GENZ) made a new 52-wk low. I've partially closed my long calls, and hedged the rest by selling near month, at-the-money calls. It might go down to the level indicated in the pervious post on GENZ, and that's where I will load up.





The froth in Intel (INTC) is abating, and is kind of convincing me the pullback is long overdue. I'm holding on to my shorts here.

blog comments powered by Disqus