Upside Down...

I hate the Buy the Dippers!  My portfolio was firmly in the green throughout most of the day.  Then, out of nowhere, the Buy the Dippers started throwing hand grenades and backed the semi-bears into a wall.

I was cornered, but thank the Lord I was able to run for cover, jumping into the proverbial nearby pond as I took profits on my UVXY $8 calls and got out of my UVXY $9 calls with a small haircut.  Will I still be financially alive tomorrow?

Fearing I might have picked up the UVXY $10 calls at an intermediate top, I bought some UVXY $6.50 puts as a hedge at a 3:1 ratio in favour of $10 calls.  

By the end of the day, the Buy the Dippers had turned my gains upside down, reversing my portfolio for the day, but if we go up again, this could be an opportunity for me to get rid of some of the calls I'm still holding on BAC, CORN, CSCO, DBA, MRK, T, PER, TC, TGB, LYG, MFG, MTU, NMR, PQ, SDR, SLT, as well as the newly added PAY, NG, and NGD.


-1.64% SBA
-2.50% Roth IRA

+0.53% DJIA 
+0.66% Nasdaq
+0.85% S&P 

-1.30% FTSE
-1.19% Eurofirst
-0.85% Nikkei
-1.27% Shanghai
-0.25% SENSEX
-1.05% Hang Seng

+0.99% WTI
+0.46% Brent
+1.04% Gold
-1.29% Copper
+0.30% Corn

+1.17% EUR/USD
+1.31% GBP/USD
-2.02% USD/JPY
-0.87% EUR/JPY

+0.95% DJT
-3.09% VIX

-1.19% 10-Year US Treasury Notes