We sold some shares in DELL and UNH earlier today. We will follow that up with a few more changes today.
Exited the Bear Call Spread in DELL. This locks-in a loss but obviously our gain in the stock far exceeded this overall
Buy to close: DELL June 18th (monthly) 380.00 strike call
Sell to close: DELL June 18th (monthly) 390.00 strike call
Debit: 5.75
Loss of -4.70 or -$470.00 per spread
We aren’t prepared to buy TSSI shares on the upswing. The stock has moved up nicely. We suspect this is a good opportunity as a seller in the markets.
Sold all 29 shares of TSSI at 15.43 (profit of +$137.75)
We still own our 1×2 put spread and will see if we can pick up a more meaningful position size at lower levels.
Exiting our BX Call Butterfly. The timing on this was not great and it is a little shorter expiration.
Sell to close: BX Aug 21st (monthly) 125.00 strike call (ratio of 1)
Buy to close: BX Aug 21st (monthly) 135.00 strike call (ratio of 2)
Sell to close: BX Aug 21st (monthly) 145.00 strike call (ratio of 1)
Credit: 1.21
Loss of -0.19 or -$19.00 per spread