This will be a short blog about my pre-Thanksgiving Day trading activity. I sold my Citibank (C) for a nice 30.67% profit. I was in at $5.44 and out at $7.27. I managed to pick up some of DryShips, INC (DRYS) at $4.97 and looking to ride this for a nice couple of point rally.
I mentioned in a previous post that I sold some covered calls on my Chesapeake Energy Corporation (CHK), which never got called away because it never hit the strike price of $27.50. I will be looking to sell some additional covered calls and collecting some additional premium, thus further reducing my entry level.
Again, Happy Thanksgiving to my wife - Lisa, daughter - Emilia, and son - Nolan and our families in Washington, Minnesota, and North Dakota and of course all our friends spread across the U.S. and the rest of the world.
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