KRE

KRE puts nicely in the money, have begun to cover as I think this justified pullback has largely run its course. Most of the junk that rallied in the short squeeze, MI, SNV, RF etc... have come back 30-35%. if broader market continues to decline well I will be wrong but the easy call is done, i believe

COF

Out of COF today, 45% in 2 days not bad. Must be short squeeze. But hey needed that, why not eh....
My stalwart ACE has been underperforming by a ton, back to BVPS but it will come back

moves

Trimmed my SKF position, as it was basically hurting too much and bought some COF yesterday. COF was up 15% yesterday and looks to open up 20% today. Should take the sting away form my SKF losses.
market has shifted from a focus on P/TB to normalized P/E. Makes sense as going from who survives to who thrives? That being said any delay in recovery or any shock and you will get a big downdraft.
Anyways have opted to position my brokerage account more conservatively as I may need that money someday if I don't get a job, and I'm letting it RIP in my IRA.
In all honesty, I left so much money on the table. Bought XL at $3.60 sold at $5.50 now over $10. Bough COF at $11 sold at $14, back in at $22, now at $26. Bought UYG at $2-$2.40, sold at $3.50, now $4.20. I think I saw the valuation opportunity in Feb-March, but I remained too risk averse. Made very good money, but could have made an absolute, once in a blue moon, killing. Very frustrating, an important lesson that I learn AGAIN.

APOL

Sold some ACE today. Still my largest position but time for a trim given its big run. RIG and BP have been very nice for me. Do I take money off the table? I will let it roll i guess. Just bought APOL, bought some puts to protect against regulatory "CAT" which i think is the only real risk there, and sold calls to help pay for the protection. SKF is hurting, I'm down 10% on that, but I am holding it as a hedge vs. the rest of my portfolio. S&P Puts looks to expire worthless, as this rally has kept on going. Still even with SKF and puts etc.. I am still up 10% YTD with a bunch of cash, vs. the market down a bit.
We shall see. SLM coming back a bit, very small position.