5200% ANNUALIZED GAIN ON PG&E SAN FRANCISCO GAS FIRE
We pocketed premium of $1.60 when we sold PCG Sep 45 put options a week ago. Yesterday, the option expired worthless giving us annualized profit of 5200%. Interestingly, we were going long PG&E stock when all Wall Street analysts, without exception, were downgrading the stock. We will scale in a