Sold WAT

Sold WAT for $63.545. I still like the stock, and may buy it again (perhaps via puts). I sold it because it was nearing fair value, and I'm looking for better, undervalued investment opportunities.

Bought EBIX, closed WAT puts

I bought more EBIX at $56, completing my 6% target allocation in this stock.

I closed my OTM Nov $50 puts on WAT for $0.10/share; I also have a long position in this stock.

Bought WAT

I bought a partial position (4%) in WAT today; I also have Nov $50 puts outstanding. WAT has been moving steadily upward since I opened my options position, and I am not sanguine about having the shares put to me. If WAT drops to my $50 strike price or below, it will be 5.3% of my portfolio (including the shares I just bought outright). If it stays above $50, at least I'll have my 4% and can later write more puts to hopefully fill the 5% target at a better price.

Sold WAT puts

Today I wrote 3 $50 November puts on WAT for $2.24 each. Waters makes basic (and very expensive) lab instrumentation, and provides service contracts for their instrumentation. I believe Waters will benefit from future economic recovery; these instruments are useful in quality control for many industries. In the meantime, WAT will earn more through service agreements, as companies make more frequent and more expensive service calls to help their old equipment limp along until they're able to replace it.