Friday, May 7, 2010

MDT, LNN, PG, AAPL, GOOG, GSK, SPY

My goodness, what a week!

On the 28th I closed my outstanding puts on MDT and LNN, for $2.40 and $1.75, respectively.

On the 4th, I bought PG outright for $62 per share. I also bought 2012 calls on AAPL ($54.50 per share, strike @ $260) and GOOG ($91 per share, strike @ $510).

On the 5th, I bought GSK 2012 $40 strike calls for $2.80.

On the 7th, I bought AAPL 2012 $230 strike calls for $58.00. I also sold my GOOG stock (not the calls) because I believe my GOOG calls give me enough exposure to that stock.

Finally, I bought May 22 2010 $105 strike puts on SPY for $1.65. With just two weeks until expiration, that's a pure spec position. After the bizarro world action of the past week, I want a hedge.