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Bought to cover May strike 12.50 for Macys

|Includes: Macy's Inc. (M)

Covered the calls at .15/contract for a gain of .85/share.  Will write June calls very soon.  Again, the pullback from last week's high of 15.10 is a gift for anyone wanting to get in a cheap retailer.  M is the cheapest of the bunch.

Bear in mind that 2 years ago, KKR wanted M for 43/share.  So, if they liked it then, they must be salavating to buy it now.