Tuesday, April 1, 2008

Happy April Fools!

I tried to sell calls against all of my holdings today, but unfortunately the bids are too low for me to justify selling April calls on a lot of them. I'm unwilling to sell May calls right now, because many of my holdings have earnings coming up, and I'd rather be naked through earnings to maximize my portfolio volatility.

I did sell an April '08 covered call on IDCC (strike - 22.5) for 0.50.

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