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A quick summary of my moves for the day…

(LEH)–covered at $51.69. It managed to hold previous lows at $49, so I don’t see the need to push it further. Good gain.

(NYSEARCA:SPY) Feb 130 puts–I sold half the position at $6.50. Huge gain, gotta take some profits.

(NVT)–I bought a decent sized position at $71.67. This is just a great low risk arbitrage opportunity. The $78 per share all cash buyout is supposed to close in the next few months. People are panicking and raising funds by selling NVT. Use the margin calls to your advantage.

Source: Kelly: Covered LEH, Sold S&P puts, and Bought NVT