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My target in $TAN was hit and I sold right near 7, no need to have over exposure to the tanning bed. I also took profits on some longs I initiated in Friday, all listed inside the glorious PPT.
So what have I done today? For starters I bought and sold $ATPG for some nice quick coin and since then I have bought a small, but initial position in $TZA, as I will be legging back into this thing. My next buy will be closer to 6, and if need be I will be prepared to buy one more time in the low 5’s. If it goes straight up great, I will profit, just not a great as I intended on.
Remember, it is option expiration week, so expect the unexpected. Off to clean some animals with Dawn detergent.
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