Heading into the close, I’ve done a few more trades…
Okay, heading into the close, I’ve done a few more trades. I did sell a fraction of my puts in Wells Fargo, mainly to lock in a 50% gain after just three days. You don’t get returns like that very often and this gives me some cake that I can keep or eat too.
I also bought back some of the Sandisk calls I’d sold at much higher levels to lock in those huge gains we’d had after it reported that great quarter. I’ve now used a pretty good bit of all that cash we had raised back at the top and I’ve bought Marvell, Cisco and Sandisk so far in this sell off and that’ll be all for today. Let’s see what the markets bring us tomorrow.