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UPDATES On MDT Position.

Sep. 07, 2012 1:03 PM ETMDT
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Seeking Alpha Analyst Since 2011

Bopin' till i drop.

MDT goal (0.44*1900 = 836 long) portpro only holding.

MDTposition now: 875 shares -MDT121020C00042000 (delta .404) for delta of 875-40 = 835 long.

I have an open order to sell one more contract of the call, however it should expire today without executing leaving me at roughly 99.8% of the desired delta exposure and 875/836 = 105% downside.

I am comfortable with this and have no intent to review prior to October expiration week.

Disclosure: I am long MDT.

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