Finally out of my gold related names...

I held these positions since November of 2008 so it was hard to let them go...

I sold calls in February against AUY, GDX and MFN. AUY and GDX were my 2nd and 3rd largest positions.

All of these just got called away, but lucky for me I made money on most of the calls.
GDX and AUY settled right near the strike price I sold at.

GDX called away @ 37 + $2 for the calls I sold= out at 39 (cost was 21.8)

AUY called away @ 9 + $0.85 for the calls I sold = out at 9.85 (cost was 4.32)

MFN called away @ 5 + $0.70 for the calls I sold = out at 5.70 (cost was 3.52)*

*I should NOT have sold calls against this one as it closed at $8 a share.

I also sold calls against GDX, AUY and SLW in February and all of those went out just about worthless and I am not figuring that into the gains for these stocks because I am lazy. Even though selling calls cost me big on MFN it still has been a very profitable tool for me since I recently started doing it. Currently the only calls I have outstanding are the ones I sold on Friday against SLW.

I now have no margin and a sizable portion of cash on the sidelines. I will be looking for more opportunities tonight and into next week. I’m thinking this bear market rally has some more gas in it and will probably be jumping back on some high beta plays early.

Tonight I have actually been looking at some solar stocks. (gasp!) I know it’s a busted bubble and a lot of the companies are scams but it still could make some money if oil keeps going up, especially since they are all off about 90% and sitting near their 52 week lows. Thoughts?