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CSX calls

May 25, 2011 3:47 PM ETCSX
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CSX has been a favorite of mine since it was trading at 55 (in around 2008), having written covered calls for several cycles.  Yesterday, bought some June 75 calls at 2.25, and watched them drop to 1.65.  Today, added to my position by buying an equal number of calls at 1.72 (for combined basis of 1.985).  Today, sold 1/2 my position at 2.64.  Continue to believe that CSX is a predictable stock and can be traded profitably.

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