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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Taking Profit In Banco Santander 1 comment
    Sep 18, 2013 8:55 PM | about stocks: SAN

    Took some profit in Banco Santander (SAN) today. Price shot up more than 5% after Uncle Ben (Bernanke) declared that there is no "taper" so far. Well, I like this bank, hold a significant position in it, but you don't make money if you don't take some profit once in a while. That's what I did today. This is a stock with high volatility, so I would buy more at lower prices (maybe below 7.60) and might sell even more at higher ones.

    Disclosure: I am long SAN.

    Additional disclosure: I am also short December 2013 puts and calls of SAN. Positions can change any times.

    Themes: International, Financials Stocks: SAN
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  • anarchist
    , contributor
    Comments (1173) | Send Message
     
    I sold a Dec. 6.00 put on SAN back in June, looks pretty good right now.
    19 Sep 2013, 07:47 PM Reply Like
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