Thursday, April 8, 2010

Bought ROIC, Sold LNN puts

I put 0.4% of my portfolio in the optimistically acronymed ROIC at $10.25.

I also sold September $35 strike puts on LNN for $2.25 each. If the shares are put to me, I will have approximately 5% of my portfolio in LNN, at a net buy price of $32.75.