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 ...

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 ...