As SWC hit a 52 week high I started to get nervous with earnings Thurs. Tea leaves say there might be some "sell on the (good) news" so I hedged by SWC by selling the 8/16 19.00 Calls for .71
- If called (in 18 days)I get 19.71 and will be a 47% annualized return.
- if not I have protection down to 18.55.
My tea leaves also say that Pd is feeling "toppy".