My Latest Trade

As I detailed in my post a few days ago, I was looking to move out of Gladstone Commercial (GOOD), and into SPY calls.  As I said a few days ago, I wanted to sell GOOD at $17/share on Monday, which I was able to do, and move into SPY calls around $12.75.  I was not able to move into the calls after liquidating GOOD due to the fact that there was no volume in the December 2010 $102 SPY calls on Monday.  However, today was the day!  I was able to get into the SPY calls at $12.90.  If you're paying attention, those options closed today at $13.08.  More later on this week.