Tuesday, February 17, 2009

Sell SPY buy back short puts

Sell SPY buy back short Feb 75 puts
I have thoughts of doubling down because SPY 75 seems like strong support, and it would not be a bad place to take delivery of stock, if it came to that. Instead, I close my position and take my loss. It is a large percentage loss, though small in dollar terms.

Back to no positions.

Elsewhere, GLD has a nice up day. Money is reported to be flowing into the ETF. Japan reports a sharp decline in GDP. If annualized that quarterly rate would spell DEPRESSION.

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