Archive for the ‘Trading’ Category

Un-Hedging

Monday, March 2nd, 2009

Today I sold my lone hedge, a March $80 SPY put.  That is a bet that the S&P ETF, SPY, will be below $80 on March 20th.  I sold it today when the market was making its first attempt below 710.  I purchased the single contract on Jan 21st for ...

Hedging

Wednesday, January 14th, 2009

As you may know, I puchased a long dated SPY put (Sep $80) a week or two ago for $6.20.  I decided to do this because the biggest thing I learned from all the turmoil in the last year is that never be unprepared for a market catastrophe.  To me this ...

Cash and Hedging

Tuesday, January 6th, 2009

I am still skeptical of this rally and the fact that things are better.  I still don't see any help for housing or the consumer that is upside-down on their house (not that there should be any).  Until there is a housing fix or another earth-shattering plan, I am going ...

New Allocation of Funds

Tuesday, December 16th, 2008

I have had a plan for a while to buy long dated puts on the general market should it rally to the 1000 range on the S&P (on news that is not game changing).  Since we are getting close and I don't believe that any of the actions lately have ...

SSO and Zecco

Thursday, December 11th, 2008

In addition to my 3 IRA accounts, I have a non-retirement account at Zecco.  In this account, I have enough funds to purchase 100 shares but not enough to purchase 200 shares of SSO.  I am making bi-weekly deposits to the account.  Until I get enough money for a second ...