SPY Puts Purchased

Earlier today, I was able to get a Put position in on C. At about the same time, I put in a limit order for some SPY April 130 Puts at $1.89. I wasn’t really watching the market later in the day as it just seemed to be doing nothing and next thing you know…my [...]

Building Short Position in Citi

I tried to get short C on Friday via puts at a decent price, but nothing was really working out for me. I was looking for some sort of up-tick before I got in. Well, today, that came. Breaking news out of C that they are restructuring its global business into three regional units and [...]

Altria to Phillip Morris

I was incorrect on Friday when I assumed that Altria (MO) would be spinning off Phillip Morris International with the ticker symbol PMI. The new ticker symbol is PM. My apologies to the PMI Group.