Current Short and Long Positions

Now that April options expiration has settled and I’ve regrouped a little, here’s a screenshot of my current holdings as of this morning, pre-market. I’m just over half invested of where I want to be, meaning I can afford to buy almost everything where I have naked puts sold. I’m still aiming to only have half the cash available, but want to see if this rally above 12,700 will hold for the DJI.

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2 Comments »

Comment by JBourne

Why’d you take a long position on Disney? Sure, it’s gone up from it’s from a couple months ago, but it’s still below where it was a year ago and the recession would make people less likely to go to Disney World and lead to Disney spending less on film production.
Comment by Alex Fotopoulos

I took ownership of DIS after being assigned naked put options. I don’t see DIS taking off to new highs any time soon and that’s why I sold in the money covered calls on my shares. I think the downside is fairly limited with the recession priced in a good bit. DIS has more revenue streams than just their amusement parks though. DIS can spend less on film production and just keep reaping the benefits of their massive library of timeless classics. Those of us with young kids will keep buying their products, even if nothing is new and the new stuff can just be gravy. In the end, all I need is my premium and the underlying stock can drift down without bothering me.

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