MCP gapped higher today and the only good thing about it is it opened at the high and was unable to trade above it.
I traded MCP for much of the day and I ended the day with a small gain in the stock and a small loss in the options. I remain short MCP calls and long only 100 shares which I may liquidate in afterhours as I think MCP retraces tomorrow. I had a few close ones with offers just a few cents above the high of two symbols but nothing was lifted.
Still long COCO and looking to add to it in my main trading account but I am also currently looking at moving to a new broker so I am holding out to see what happens there.
MCP + 226
MCP Jan55c – 624