C Citigroup called away before the dividend date. After all my in and outs and hedges, the net-net is a small loss after commissions.
If I had to buy, I'd buy BNI Burlington Northern or BRKA Berkshire Hathaway.
If I had to short, MGM Grand, AMZN Amazon, ADM Archer Daniels Midland would be the top candidates.
I don't have to do anything. The market looks extended to the upside, however, the steady strength is not something I want to short.
Other stocks in the news include EL Estee Lauder, which is down today after a penny miss on earnings. The down move seems like an over reaction. Unfortunately, option premiums are small even with the down day.
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