Being short. I actually had a shot this morning of taking the index funds off the table with nice gains, but decided to dig my boots in and hang on. Most indexes finished up and that hurt my QID buys as well as the QQQQ put position I’ve accumulated over the course of the last 2 days.

I’m expecting a 1-2 day break starting tomorrow (I thought it would happen today). If it doesn’t come, my options are going to be in a world of hurt. I started buying the July 47s instead of the June because of the time decay.

I’m looking for the gap in the NDX to get filled down to 1924. That would provide a nice profit for my puts if the NDX can get there.

JMBA – Caught a bid today. I’m going to rebuy JMBA if it can close the week out green.

BUF – Might also be a buy again if it can finish the week green.

FCEL – Still marched higher, but faded off its highs around 8.02.

Thanks for reading

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