Subject: Re: 1.38 x book
Time to buy back yet??

Well, I bought back...some of the high strike calls I wrote long ago. Took some profits.

Not because things are screamingly cheap, but simply because I don't think prices will ever go in a straight line. I figure I can probably do that trade again some future day when the price is again relatively high. And I think the valuation multiple is low enough that it doesn't really make much sense to be even mildly/notionally short.

Jim