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Steel Panther Rocks Even If I Don't

|Includes: Chesapeake Energy Corporation (CHK), GPRO, RIOT

Summary

Back to being a wimp.

"Safety" trades only and nibbling at the debt until I recover some capital.

At least the old ladies are still happy with their returns.

What a week. Too bad this isn't a horrorpocalypse movie set.

My portfolio feels about the same after having to cover, so I'll do most anything to get through this month. Even crank up a Steel Panther Marathon.

Rolled out and down with the RIOT Calls - they ought to be called the bad news bears.. Rolled out the GPRO $6.00 Puts. Since I'm pretty tied up until something happens with the GPRO positions for next week all I can do is fiddle around the edges with the $ released from the 250 CHK $3.50 Puts I had expiring Friday. At least I can put on these 3 trades:

generating these premiums:

So if I get lucky Monday I'll generate ~$4K in premium credits to throw at the CC's. That's about an 18% return on newly allocated cash at risk but the rest is just parked until the 16th. or until GPRO makes a run to $6.00 or over.

uggg.

sigh.

Going for a nice drive Sunday to get my mind off the mess.

YRMV