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Yesterday, I sold my YONG shares for $6.80.

Today, I sold my Jan16 $7 calls for $0.17 (I had bought them for $0.15 so I made a small profit).

Today, I also sold the Jan16 $7 puts for $0.27.

My logic is as follows. Considering yesterday's development, I'm happy out of the $7 calls with a small profit. I think there's a good chance that these calls will expire worthless. I also think that they will trade back down to a nickel before the next vote. I may decide to pick them up again if given the chance to buy them for a nickel.

Similarly, if the $7 buyout occurs, the $7 puts that I just sold will expire worthless giving me a free $0.27 per share. If the deal doesn't go through then I'm ok getting shares assigned at $7.

Also, I still own the Jan16 $5 calls which I purchased for $1.45. These calls still have a little room to run up to $2 so I'll continue to hold them.

Chris
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