Review of current positions

All of the following are current open positions. All are May expiration with the exception of GGC which is August. All are short positions with the exception of GGC. Enjoy:

GGC Chart:





FHN Chart:





LEND Chart:




MTG Chart:


Time horizons for several of above positions will be ending in next two weeks. All eyes are focusing on fed meetinig. These are interest rate sensitive securities and I believe that an expectation of further rate hikes and higher interest rates should tank these stocks. Likewise - the "one and done" camp may also emerge victorious. An end to the rate hikes could really juice the market - financials included over the short term and leave me bag holding with each position wiped out.

So what's the game plan? Ideal - would be to see some movement downward in anticipation of the meeting over the next couple days. If I can get in the money on LEND and MTG to the tune of 20-50% gains then I could sell off my original cost portion in each position and let the rest ride on the Fed meeting.

Best regards,

Ben