First day of trading after the holiday yesterday. I hope everyone had a good memorial day. Consumer confidence index came out today higher than expected. It was expected to go from 40 to 42 and it ended up being in the 50s. This is good news that people are more confident in the economy. Prices for homes have dropped another 18%.....It might be a good time to buy a house, in another 8 months.
DOW up 196.17, S&P 500 up 23.33 and portfolio up $159.73. Ho hum.
I'm looking to buy back my two GE covered calls and either rolling them out a couple of months or just waiting for it and trying to do it again in a couple of weeks. I'm not going to buy back those AA puts. I think AA will keep moving up and I'll make 100% minus commissions on that trade.
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