Friday, June 17, 2011

Buy SPY (sell puts)

Buy SPY via selling Jul 110 puts, SPY @127.8. I am already short SPY Jul 115 puts. Looks like my short Jun puts are coming in okay, so I replace some of that delta with this layer of way out puts.

Long EEM, GLD, IWM, SPY, TLT
with EEM and TLT expiring today

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