Position # 19 (VIX) - trading at $3.20 (bought at $3.15), target $4.0
Position # 28 (TXN) - trading at $2.16 (bought at $1.99), target $2.20
Position # 29 (STX) - trading at $1.15 (bought at $2.06) - STX reported better than expected results, which pushed the stock higher by 17%. This position is sitting at a loss of 45%. STX Put option is for the month of June. Let us continue to hold.
Position # 30 (CMI) - trading at $5.15 (bought at $4.40) - CMI will report the financial results tomorrow morning. To avoid STX kind of situation, I will consider selling Feb 105/110 call against this position to manage risk.
Position # 31 (STJ) - trading at $2.50 (bought at $2.55)
Overall, open positions are sitting at about 15% loss (compare with 489% gains in January). This represents the power of risk management in the portfolio.
Updates to the "Last 10 trades" section of the blog will be made shortly.
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