Friday, January 06, 2012

Buy SPY (sell puts)

Buy SPY via selling Feb 107 puts, SPY @127.5. I am already short SPY Jan 119 puts. The low of the recent chart pattern is 107. I am placing a bid to buy just below the low of the chart pattern and getting a small premium for doing so, about the same as the recent EEM put sale.

Long AMZN, BRKB, EEM, SPY, TBT

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