Tuesday, January 17, 2012

Buy SPY (sell puts)

Buy SPY via selling Feb 113 puts SPY @130.2. With SPY moving up, and my recent purchase of a vertical put, the Jan 119 short puts expiring, I was at a net short position on SPY. This moves me to slightly delta positive (slightly long). 113 is a congestion area on the SPY chart.

Long AMZN, BRKB, EEM, SPY, TBT

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