I sold all my shares today on this rally which is pretty impressive given the down market, but sold an equivalent number of April 35 puts at .60
I'm basically betting that there is not much more upside into earnings for NE, but perfectly willing to be put shares at 35 given the premium I'll collect by selling the puts. I could easily see myself being wrong, but I've decided to take a conservative....let it come to me....stance going into May in case we get the "sell in May" reaction which happened over the past 2 years.
You have a good weekend too bits. Yeah, I ended up selling too early....started when we went positive on the day and my overall P&L went positive from down quite a bit. Just felt I better lock in some gains and then see what happens next week. The market looks vulnerable, but these comebacks are pretty impressive. Just can't get away from that feeling that one of these days someone's going to pull the plug. When that happens we always go down much much faster than when we go up.