Savvy Trades and Investments

[Swick984]

BELFB - Big beat on both the top and bottom line. I'm holding a full position and sold more May $30 puts when my April $30 puts expired. I continue to believe fair value is closer to $50 than $30 and was pleased with the report. It will be interesting to hear their conference call, as a cautious tone at Q4 drove the price lower, though with the big beat this afternoon, one has to wonder why management sounded so cautious during the last earnings call.

I plan to continue to hold my core position, sell $30 puts as they expire and potentially sell $45 calls if the opportunity presents itself.