Took Gains In Options At The Lows

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March 16, 2010

I sold my IWM and SPY puts for gains near the day’s lows, and trimmed some TZA and all of FAZ when the market was rallying back to even. I kept my 2x inverse index funds where they were 75% rut short 25% ndx short. Still holding TZA, SRS.

There is a good chance with today’s rally to even, that I will get that SPX close below 1145.61. It is what I’m playing for. On a drop to those levels or lower, I want to be a buyer.

What I’m buying is going to be of the conservative boring Dow stock variety. I’ll post it when we get there.




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