Wednesday, June 18, 2008

Portfolio cleanup and options exposure

I made many trades this afternoon, as I attempted to clean up my portfolios (brokerage, IRAs, etc.). In many instances, I had multiple lots of a single security spread across more than one account. So I closed down some positions, and added to others to rationalize them. Also, I got approval to trade options in my IRAs, so I increased call exposure in those accounts. As a result, my portfolio allocation is quite different than it was just yesterday, and there are too many trades to detail the changes here. You will see the results of these trades in a couple of weeks when I post my monthly allocation (or when I mention an individual stock in upcoming posts).