Monday, April 8, 2013

Karate Bid...


My portfolio totally got karate chopped today as conviction bulls rushed to buy the SPY, and in the same breath, sell corresponding December 31 2013 $158 calls to instantaneously pocket $6.07 per share.  I'm going to watch this issue to see if open interest spikes as when it does, our market buddies, The Market Makers, will start paying extra attention.  

Right now, the whole April 20 2013 options food chain from SPY $154 all the way through to $158 must be looking awfully tasty.  

In the meantime, they've taken a bite out of mine:

-3.39% SBA (no LOL here)
-0.06% Roth IRA

+0.33% DJIA
+0.57% Nasdaq
+0.63% S&P 

+0.43% FTSE
+0.22% Eurofirst
+2.80% Nikkei
-0.62% Shanghai
-0.07% SENSEX

+0.82% WTI
+0.84% Brent
-0.18% Gold
+0.91% Copper
+0.64% Corn

+1.45% USD/JPY
+1.04% EUR/JPY

+0.90% DJT
-4.74% VIX




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