Closing

Scratching the Adobe Iron Fly

This trade went bad from the beginning and it took some patience to be able to scratch it (seven adjustments since October). I let this April position head towards expiry instead of rolling it for a small credit as it looked like ADBE was being pinned at $500 which was…
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Closing TNK for 13.5% Profit

I am closing Teekay Tankers for a quick 13.5% profit. The stock rallied on hopes of improving economic activity given the headline story of Pfizer’s vaccine success. This is a very undervalued equity that does not need a news story to explain a rising share price. I would consider buying this Speculation…
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