Sold HZO Puts, Adding CHCG

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 |  Includes: CHCG-OLD, HZO
by: Thomas Kelly

Tuesday morning I decided to sell my remaining position in (NYSE:HZO) puts at a premium of $1.95. After seeing this quarter’s results and the reaction to the numbers, I’m beginning to think that while the fundamentals remain bad here, the bulk of the downside is already priced in.

Additionally, I continued to add to my position in (OTC:CHCG-OLD), increasing the position by about 30% at $2.69. I’m now beginning to really stake a claim here, simply because I think the fundamentals are just too good to ignore.