Thursday, January 15, 2009

Sold SRS

Market took a beating early and then closed up.
  1. Sold SRS for 11 points. That's very lucky, I sold above 74 and it closed at 63.
  2. Also covered Jan 75 put for 8.5 point when SRS is around 72.
  3. Still sold SRS Feb. 45 put. It's still ahead so I will keep it.
  4. Also sold a small FAZ position for 11 points, won't touch 3x ETFs again.
The market is crazy to say the least. I need to be careful, not betting too heavily in one direction. It's good to make money, it's great to not lose money! I am still in recovering mode, from the pain and losses I suffered in 08.

Still think we'll have a new low this year, still not sure if we rally first, or we go back down again.
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