Wednesday, March 18, 2009

Wild witching Wednesday

Wow, wild witching Wednesday (the Wed before option expiration) makes for a breath taking day for most markets. The Fed plan to buy Treasuries shakes up most markets: bond yields fall, stocks rally, gold moves up.

Before the news, I placed an order to sell Apr 25 puts on DRI splitting the bid/ask, but the huge rally meant the order didn't get filled.

Long DNA, ROH expiring Friday 3/20

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