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Taking Profit In Banco Santander

|Includes:Banco Santander S.A. (SAN)

Took some profit in Banco Santander (NYSE: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.

Stocks: SAN