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.
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