Let’s do some housekeeping. It’s time to lock in some more profits.
I’m going to sell the last of my QQQ call options that we bought into the depth of the Brexit panic, locking in some very nice short-term profits, as these call options have more than tripled or quadrupled since those panicky lows, depending on when you got filled on them.
I’m going to sell the last of my Sony SNE call options that we bought several months ago when the stock was close to $20, locking in some more very nice profits, as these call options are up more than 5-fold since we bought them.
I’m going to sell all of my SDRL put options, which are up about 10% since we bought them.
I’m also going to trim about 1/5th of my Nvidia common stock, as it has been on a huge tear, up more than 60% since we bought the stock back in April. I see a lot of hype around this stock right here right now, and it’s just sensible to lock in some profits when the charts are straight up anyway.
I’ll be back with more notes later.