Monday, February 25, 2013
Don't Fight The Red?
It's too soon to tell, but had I stayed for the ride to the S&P downside for a little bit longer, I would have been able to get another +$1.73 per share out of the SPY March 16 $151 puts trade.
Not complaining and not saying I knew it would happen, but I sure missed out big time.
Who knows? Maybe Bernanke would boost the markets tomorrow. And if he does, maybe I'll come in for another encore - maybe... It seems to me there's a lot more profit potential to being on the short side right now.
My portfolio is far from perfectly hedged, but my puts are helping somewhat:
-0.53% Roth IRA
+0.18% SBA
-1.55% DJIA
-1.44% Nasdaq
-1.83% S&P
+0.31% FTSE
+0.04% Eurofirst
+2.43% Nikkei
+0.50% Shanghai
+1.47% Gold
-0.24% WTI
-0.24% Brent
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