Wednesday, May 27, 2009

Sell MON (cover short puts)

Buy back MON Jun 70 puts. Yikes. Monsanto says sales of herbicide RoundUp are way down and earnings will be hurt. Stock lower. I get out for a 100% loss (100% of option premium price, a small fractional dollar loss).

Market is acting terribly. I still am short SPY puts and that looks to be a dumb decision as well.

Long SPY

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