Archive for the ‘Trading’ Category
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 ...
Posted in Trading | 2 Comments »
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 ...
Posted in Lessons, Trading | No Comments »
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 ...
Posted in Lessons, Trading | 1 Comment »
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 ...
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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 ...
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