I’ll try to squeeze in a few quick hitters here while I have a minute.

The seasonality strategy that I outlined last evening is being put into action later this afternoon.  I will be buying equal parts of the following three stocks: $CVD, $ETP, and $ICLR.  The screen I ran inside The PPT returned 23 stocks, I chose these three because these are the three I wanted to choose.  We’re obviously working with pinpoint precision over here, so questions regarding this matter will not be accepted.

I sold out of my $WFC puts for a small loss.

I’m trying to unload my $HON puts, but the bid/ask keeps dropping.  I got greedy and tried to get out at 6.90 (the bid was 6.80)…no dice…should have taken the money when it was there.  Now my profits have decreased significantly…fantastic.  I’m still up, but watching gains evaporate is more frustrating (for me) than booking a loss.  Oh well.

$P is behaving almost exactly how I wanted it to.  If this continues I will be adding to my June 10 calls later in the day.

There are other events taking place in the market today that will likely lead me to buy some index ETF calls.  If that should happen, I’ll detail that in my post this evening.

My best to you all.

-EM

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