Friday, August 14, 2009

Sell CELG (cover short puts)

Sell CELG via buying back short puts to close
Buy CELG Aug 47 puts (to close)

CELG was down a tad early in the day, and I placed the order then. Got filled just before the close, with the updraft for a teeny tiny profit. I reduce my possible long exposure if by some chance the stock market breaks down completely next week. I don't see that happening, but that doesn't mean it can't happen.

Long INTC, IWM, XLE, MTB, AMGN

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