CRM earnings made the market happy and the stock rebounded. (despite zero GAAP earnings and exploding costs). However, that means the May put spread will expire worthless.
Fortunately despite being short and CRM going up from the date of the original post, through "extreme brilliance, insight and trade execution", the portfolio is still up about 3% on this total trade. (ok...ok... .....maybe it was just being lucky).
CCI will likely go short again in some manner at some point in time, but I will let the market digest the earnings news for a little while before re-entering.
No comments:
Post a Comment