LB update

LB recent quarter results met estimates but continuous weakness is seen.

I was forecasting a total EPS of about $3 and PE of 20. LB target price as $60. However, I sold LB 300 shares at $50.75 and I have added alot of sell puts and sell calls on this counter to further enhance the return.

I bought at $36.

$50.75-$36/$36 = 40%

This is good enough for me.

You can refer back to my post on LB.

I am gathering my funds to focus on TLT.