Tuesday, February 10, 2009

Thanks god for sitting tight

  1. SPY down 5% and qqqq down 4%.
  2. SRS up 17%, my SRS is even now.
  3. Think in the future, I should use next month SPY options to trade.
  4. For SRS, selling puts on a extreme down day is great.
  5. And FXP is good buy today.
  6. If the market tanks, then I should use QQQQ market puts, it's better than Feb puts. Too risky, a bounce here and there I am finished.
  7. Now focus on QQQQ puts. Forget about MOS and POT puts, can sell short of these two.
  8. For SRS, think if it's up to 70s, may sell the 70 Feb calls. Need to close these July puts, when it's halved, like 6.
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