Sell MRO and SGMS Stock Positions
On Friday our MRO and SGMS call positions expired worthless, leaving us with only our stock positions. And while I debated selling new calls to lower our cost basis, the market is weak, and these stocks have fallen below our initial stop levels.
For that reason, I am going to sell both MRO and SGMS stock positions today, and prepare to move this capital into better ideas.
After these stock sales, we will no longer own a stock or option position in either MRO or SGMS.