Wednesday, July 07, 2010

Cover short put SDS

Cover short SDS Aug 27 puts. I close out this position for a profit, just in case the strong SPY rally rolls past resistance. These puts might come back into play at SPY 120 or so. I am still short SDS Aug 31 puts and Jul 30 puts. Because of the rally and the way options move, I am slightly short SPY now.

Long BRKB, GLD, SPY*, TLT*
SPY offset by SDS, net short SPY
TLT offset by TBT, net long TLT

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