It's the end of April as we know it.

S and P 500 @ 11.16%
Our Buy List is at 7.86%

We are now entering the "Go away in May and Stay" season.

April 2012 Option Expiration Update

S and P 500 9.62%

Buy list 6.01%

Option trades 6.63% (April 21.)

Bought AFL.

No April option hit strike price.

Options for May

Cash position $5,500,000

Realized and stashed Profit. $630,000

May Option CC sales $20,040.

When is a CEO not a CEO

I was going to write today about Brian Dunn, CEO of Best Buy jumping from a sinking ship like a stoned Italian cruise ship captain.  My thought was that when a company is in trouble the CEO hangs in there until he is  shown the door and then is kind enough to show his replacement where the light switches are. Best Buy is dying and he quits...

"It's good news that he's gone," said Brian Sozzi, chief equities analyst at NBG Productions, an independent research firm. "But this adds another layer of uncertainty."

This article reviles that it probably was more than that.  Maybe Larry Ellison will hire him too.

http://www.businessweek.com/ap/2012-04/D9U2DIH80.htm

In the last post I wrote the cash is comfortable right now and how right I was.
S and P 500 is at 8.03% and our buy list is at 4.18%
Our covered call list is the king right now.

Speaking of the covered call list.  AFL signaled a buy and I did at $42.22
Our Jan purchase price was $43.26 and we sold with the Feb Covered Call at $44 strike when the price was at $48.01.  I will wait until after the April expiration date to sell Covered Calls on it now although the $43.00 strike price is at .58.

I think this is going to get worse before it gets better.