Friday, May 09, 2014

Some Trades

It’s been a fairly busy week and did not have time to post my recent transactions. I started pruning my portfolio a bit and closed out the following positions:

(1) Sold Loral Space and Communication (Ticker: LORL) for a 0.45% gain
(2) Sold IMS Health (Ticker: IMS) for a 19% gain (tiny position – received shares in the IPO)
(3) Bought back the July 60 short Puts on Joseph A. Bank Clothiers (Ticker: JOSB) for $0.14 (sold at $0.40)
(4) Bought back the October 60 short Puts on Joseph A. Bank Clothiers for $0.28 (sold at $0.45)

I initiated a new position in AerCap Holdings (Ticker: AER) at $43.75. I like this air lease company a lot and plan on adding on any dips. It’s currently an 8% position.

Safeway (Ticker: SWY) is the only merger arb play I have at this moment. I am playing this via short Puts.

That’s it for now…

4 Comments:

At May 20, 2014, Anonymous Anonymous said...

Any thoughts on allergan?

 
At May 20, 2014, Blogger Money Turtle said...

I'm currently not playing this, but I do believe that VRX will gets AGN, but it's going to be a long process.

 
At May 20, 2014, Anonymous Anonymous said...

LORL interesting at 70

 
At May 21, 2014, Blogger Money Turtle said...

Yes, Loral at $70 looks like a good play. Probably looking at $75 plus with a deal. Something should be announced by next month. I've been in and out of this one...

 

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