Long time readers will recall that CCI's portfolio is "blessed" with a long position in Hewlett Packard.
As discussed here, on Jan 14 (one month ago to the day) CCI sold two
lots of Feb $17 calls for a credit of $.63/contract. With HPQ trading around $17 today and 1 day until expiration, CCI closed the position pocketing a gain of $.49/contract. A small get back on the overall loss in this position.
CCI still looking to exit this position. HPQ reports earnings next Thursday. CCI is considering re-establishing an option position just prior to that event. Stay tuned.
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