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April 16th, 2014 at 11:18 am
GILD/Burr – They're at $69 so your spread is on track, who cares what the PRICE of the contracts is with 638 days to go? I would buy back the $72.50s for $10.80 and roll the $62.50s ($15.50) down to the $55s ($20) for $4.50 and then – IFF GILD doesn't hold $67.50, I'd sell the $65s for no less than $13 (now $14 with a delta of .64, so a $1.50 move is $1) and then you'd be in the $55/65 bull call spread for net $2.50 more. If GILD does head higher, then you just have to cover back when you feel like it.
Oil/JPH – Not behaving at the moment though failing $104 now, as expected. You have to learn to be patient and flexible trading oil. Often frustrating, sometimes rewarding…
Sleep/StJ – On mountains of cash.