Friday, May 21, 2010

Buy SPY (sell puts)

Buy SPY via selling Jul 66 puts, SPY @107.5. Market observers will note the SPY 66 level as the March 2008 lows. If we get back to there by July, basically the financial world has gone to heck. I am already short SPY Jun 100 puts.

Long BRKB, GLD, SPY, TLT

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