June was a really tough month work wise, so updates have been few in between. I’ve only just realized how busy I was, when my lunch buddy noted that I’ve only had 2 weekday lunches the entire month, and had to work through all the other lunches.
Anyway, busy is good. I love busy. Time passes quickly when one is busy.
Speaking of which, I’ve also been busy on the options front. Busy fighting fires that is.
Over the past month, Valeant’s share price shot up rapidly.
Unfortunately, I sold a bunch of call options just prior to the rapid increase, and those got exercised. The good news part is that I took quick remedy actions, and sold several put options, and since the share price has continued rising unabated, all of the options have expired or are expiring, while I’m keeping the fat premiums (Fat because the volatility has …