Was Short Coming Into Today

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April 19, 2010

Had a 30% index short, bumped it to 100% short this morning. Closed it completely today at the close because I really don’t have a good edge right now and wanted to trim risk.

I was long FAZ coming in and sold it for a gain premarket. Then went back into premarket 2cents higher, then on the open the market bounced decently and covered at a loss, thus making the two trades breakeven.

Then I went heavy into TZA and bought XRT puts.

I also went long MOS call spread too. May 55/60. I also took my gains in REA, took a loss in ERX, sold QTM for breakeven,

So my book looks like this:
MOS, POT call spreads
ASTC, FSII, NENG, KWK puts, INSM, PXLW, SCLN, TSEM, BP, PBI

Included a chart of NENG its the best performer of my junkers.




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