Today I closed out all my positions in HON, ADP, QCOM, UNG, NAT, QQQQ. With the exception of Honeywell (HON was just slightly higher but I took the quick profit) all were closed out for between 5 to 20 cents on the dollar of the original investment. With 3 full weeks left to options expiration I feel there will be a better use of capital than trying to wait for the last few cents of an option.
My big motivation for this move was also in part to the unemployment rate release at the end of the week. Can America really stomach 9%+ unemployment with skyrocketing gas prices?
3 days ago
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