Thoughts & Trades

Had a crazy week and I haven't been able to update anything. First things first, on Thursday I sold the September 4 strike puts in Citi that I purchased to hedge my long position for a 23% gain. That sounds good but it was just a small hedge (1/3 of my long position). Also crude oil hit my target range, hitting a low of $70.76 on Wednesday and closing at $75.59 on Friday. That is a nice move that I unfortunately can't say I caught because I was so busy that I wasn't able to be at my screens to even know it happened. So my idea was right on and I waited patiently for over a week and then missed it.