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…
posted by Money Turtle @ 7:33 AM
5 comments
5 Comments:
Any thoughts on allergan?
I'm currently not playing this, but I do believe that VRX will gets AGN, but it's going to be a long process.
LORL interesting at 70
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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