Friday, March 1, 2013
So Tempting...
... to buy SPY puts again after some beautiful profit-taking numerous times this week.
However, the main thing stopping me was that there was a lot more volume today with blocks of bidding at a time. Plus, SPY did manage to close above its daily 50% Fib level, which gave me pause. The market dynamics look a little bit different this time around.
I also still have the VXX short puts and the UVXY covered call going on with a bunch of XLF puts on the back burner.
Let's see if I get assigned on the VXX...
For now, I'm happy that I'll be able to sleep this weekend knowing that I've still got the bi-directionality going for me:
+0.52% SBA
-0.21% Roth IRA
+0.25% DJIA
+0.30% Nasdaq
+0.23% S&P
+0.28% FTSE
+0.17% Eurofirst
+0.41% Nikkei
-0.26% Shanghai
-1.28% WTI
-0.68% Brent
-0.15% Gold
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