Saturday, December 18, 2010

4-0 for December

Four winners, zero losers for the December option cycle. The four were short puts in GDX, GLD, SPY, TBT. All are tiny guppy-size morsels, but considering my busy schedule, it was a good way to go. Bigger fish usually involve more risk, and with little time to devote to the markets, risk is something to avoid.

I have three open positions for January, GDX, GLD, TBT, and all are on the positive side. I am looking at shorting SPY out to February with a bearish vertical put spread. Timing is tricky as the markets can be sleepy during holiday time, but sometimes they do move.

Long GDX, GLD, TBT

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