Tuesday, October 11, 2011

More SPY (buy)

I sell the last of my long SPY puts, the Oct 109 puts that were part of a short backratio 109/104. I remain short batches of SPY puts at much lower strikes 104, 95, 89.

My GLD short put backratio 159/154 is now slight negative delta. Max profit is at 154 on October 21, below 149 and I start taking on water.

Long PFF, SPY, TLT
Neutral GLD

No comments: