Bought ES

Bought ES at $5.93

Sold MAXY, bought ROIC

Bought ROIC for $10.88
Sold MAXY for $5.10

Remember, MAXY spun off CDXS, which I sold.

Bought FNF

Bought FNF at $13.79

Bought GKK, Bought BPI

Bought GKK for $4.43
Bought BPI for $16.95

Risk vs. volatility

I consider "risk" to be the possibility of losing capital. Volatility is fluctuation in value. Risk should be avoided; volatility can bring opportunities.

Bought HEK calls

Bought HEK Sep 17 $2.50 calls for $3.83. The stock is currently trading for $6.28. If exercised, these calls would make HEK 4% of my portfolio at a net buy price of $6.33. The net buy price is about the same as it would be if I bought it now, but my investing has a more defensive posture right now and this strategy reduces my risk exposure. That is, is HEK drops to zero I will have lost "only" $3.83 per share rather than $6.28.

Sold PCL, BBL, DGS

Sold PCL for $42.50
Sold BBL for $74.39
Sold DGS for 49.83