Wednesday, June 07, 2006

Buy EWJ Japan

Trade

Buy/write on EWJ Japan exchange traded fund
Buy the stock, sell the Sep 14 call

I may buy more EWJ, if it continues to dip.

Current positions all longs:
ATK, EBAY*, MCD*, SHLD, PGR*, WCG* and now EWJ*
* hedged positions, long stock, short calls

A good day for my holdings. Often times days like this are a good time to sell, but I am not moving as of this moment. SHLD reached my first target, but looks like it wants to continue to move higher. EBAY, PGR, WCG options expire June 16.

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