Wednesday, June 24, 2009

Stuck in mud, BA 787, SDS

I missed today's rally, could not pull the trigger fast enough on selling SPY puts, and then SPY climbed too high for me to want to chase it.

Boeing BA lower after a downgrade and yesterday's news about another delay in the new 787 Dreamliner plane's test flight. BA gets very interesting to me at 40, with the idea to sell the Aug 30 puts (30 is the recent low).

Random Roger has an interesting blog entry about his thinking behind possibly increasing his hedge position in SDS (link). SDS is a double short SP500 exchange traded fund.

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