I hope everyone had a great weekend. All of the trades for the May options expiration cycle were winners!!!
Speaking of Green Shoots; I was right on with the post concerning the end to this run up, albeit 2 days early (see original post CLICK HERE).
I purchased some SPY PUTS for protection last week because I think we could see 875 by this Tuesday and 830-840 by the following week on the S&P500. Once the S&P reaches each of these levels, I will re-evaluate and update you.
I will bail out of my NDAQ naked puts if it breaks down below $17.50 which I think it will. For the time being, I am safe with the CLF naked puts.
As always, I will update as I enter and exit positions.
Trade well!!!
Sunday, May 17, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment