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  1. Phil

    CMG and EXPE/Srin – I'm waiting for StJs ranges.  We're already a bit bullish on CMG in the Income Portfolio with a Jan $235/315 bull call spread.  It's still only net $52 on the $80 spread and you can sell March $320 calls for $9 against that position to knock it down to $43 with several sales to go.  Since you make $37 at $315, unless CMG is over $361 (up 20%), you are not going to be in any real trouble and many months to roll.  In fact, that makes so much sense (and our basis is only $31) that we should sell 10 of those calls in the Income Portfolio to cover our existing position.  

    EXPE is a much better stock than PCLN but I'm not sure so much better that they should be up 130% since last Jan.  We took the money and ran a long time ago on these guys but people are willing to pay $4 for the March $65s and we can sell 4 of those for $1,600 and buy 6 July $64.48/69.48 bull call spreads at $2 ($1,200) for a $400 credit so if EXPE goes up, not too much worry and, if they go down, then we keep the $400 credit plus whatever is left on the long spread.  Let's do one set of those in the $25KPA.  



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