I’m Even Shorter

Home / Options / I’m Even Shorter
September 17, 2009

I started yesterday at the close adding half $NDX short position to start and this morning while the market was up around 10:30-10:45, I put the other half short into the 2x inverse $SPX. That trade yielded altogether about 1%.

I also traded SRS, SMN, and SDS calls and sold them all around 1:30pm for healthy gains of 17% in SMN a little bit in SRS, and breakeven in SDS.

This is a chart of the SMN Oct 10 call trade:
smnintra

I rebought SMN and SRS calls at the close as well as TNA puts, FXP calls, and PALM puts. We’ll see what happens tomorrow.




Related Posts

Still Short Tiny Position, Will Reload Short
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
This morning I reduced my shorts as planned. Actually the plan was to go to cash as noted in last night’s post, however, I reduced to 25% short...
Possible Oversold, Possible Face Ripper
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
Market is at an interesting point here. Right above the 1050 SPX line, with some oversold readings, I could see the market putting in some kind of...
Still Short Heavy and Starting To Pay Off
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I’m still short (heavy since 8-14-10 close). Today I panicked a little bit and closed out my FXP, FAZ, and EDZ with the morning pop. I also...
Still Short Market Now Acting Correctly
Leveraged ETFs, Leveraged Funds, Trades
When I posted last Friday, that the market is oversold and I don’t care, I should’ve cared. It would have been a lot better for me to...