Adding to a short position again
Our favorite short and one that’s been a huge winner for us is the ol’ Lender Processing Services, which likes to tout itself as a technology software company but is really almost a pureplay on the modern-day mortgage complex. The stock’s been up about 5% in the last couple days and it’s giving us another chance to add to our shorts or buy some puts if we haven’t yet. I’m adding to my LPS puts, bidding on some puts that will expire in June with strike prices that are around $17 or more.
