Wednesday, July 14, 2010

Buy SPY (sell puts)

Buy SPY via selling Aug 95 puts SPY @109.7. More rebalancing, as the stock rally rolls on. I am surprised at the strength of the rally, and that bonds and gold also rally.

Long BRKB, GLD, SPY*, TLT*
SPY offset by SDS, net slightly short SPY
TLT offset by TBT, net long TLT

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