Options Expiration!

Today is the third Friday of the month so its Option Expiration day (tomorrow) As discussed yesterday I have two positions to close in some way today. I think I may with the DGIT sell some at a loss, while exercising a couple of the options. I'm not sure how to justify this other than I will get better per share price than selling the option. This will give me longer to recoup the loss (I have a strong conviction the stock will continue to do well)

As mentioned yesterday the HRBN option I will exercise. I have become increasingly worried about this as Seeking Alpha has posted two hit pieces (both by the same author) which have done their job and hurt the price, however in the face of what I view as an almost certain buy-out at 24, its a worthwhile risk. Rumor is there were several hedge funds caught with their pants down on the buyout offer, and they are/were trying to get out with reduced losses.

It looks like commodities will be down, so I will be looking to buy March ANR options on a 4-5% drop. I did not get my 18 on the TCK options yesterday and doubt I'll see it today.

For some humor someone sent me this today, regarding the recent QE2. Enjoy!