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Closed My Puts at S&P Cash 1287 this morning....


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#1 Macro Speculator

Macro Speculator

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Posted 29 July 2011 - 12:22 PM

...waiting to see what happens the rest of today and early next week. Still biased to the downside but want to see what if any strength we get here. I figured it was better to take 30 points and get out than risk the vicious short covering rallies that come in these sorts of environments. But I would still like to short rallies from here as long as they're quick and don't stabilize for a few days afterwards.