Trade
sell PDLI Apr 30 calls against the stock that I own
Today's overall market weakness makes me nervous enough to sell the April calls on the unhedged half of my PDLI (PDL Biopharma) stock. The first half has March 30 calls sold against it. Despite the excellent fundamentals and technicals, I find comfort in a hedged position. I guess you can call me a hedger at heart.
Gold takes a dump today. Looks weak to me. Mining shares have telegraphed a decent correction in the bullion. In my earlier post today, I mentioned the seasonally weak period from now to August.
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