Sold AXE Naked Puts

I wrote about Anixter International (AXE) a few weeks ago and exchanged some comments about AXE after it broke the 78 level I was asking for.  Yesterday morning while entering the pile of orders that have mostly hit now, I entered one on AXE.  I waited longer than I could have because I wanted the November contracts to be available to trade on.  Once they were, I placed an order OTM and while AXE was trading at 78.60 soon after today’s open, my limit order to sell one November 75 naked put (AXEWO) hit and I received $229.25 after commissions.

On another note, my interview from last week that I thought went well had a strange twist.  I was supposed to get feedback on Friday or Monday about the next steps and on Friday morning I read on their Web site that they had been sold.  I contacted the hiring manager and he said the position is on hold.  I’m still not sure what to think of a company who would be pushing for a four hour interview that included executives while they were expecting a deal to close during the same week.  Dwelling on it won’t help so I moved on and will welcome the opportunity to talk to them again when the dust settles from the buy out.

Instead of worrying, I set up another interview from a contact I’ve networked with for years.  I had a phone interview with the CEO of a small company and was called in for a face-to-face interview today over lunch.  It went well and he’s bringing me in to meet his team in two weeks after they finish moving offices.  It is only two miles from my house and may be a better opportunity than the first, so we’ll see how it plays out.  At a minimum I know that when I start a new job, my trading and blogging time will become more limited.

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