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[Macro Speculator]

Covered Chipotle puts as $396 this morning...I'll keep hitting it if we see it in the $405-$420 range. Still holding a number of the SPY puts/S&P 500 shorts from the 1400. I had covered a number of my SPY puts and S&P 500 shorts at 1278...reshorting more at these levels (around 1320). I want one more move down to fully cover these shorts and the rest from 1400 and high 1300s area, and then starththinking about going long for a summer trade. Before the late 2012/2013 big move lower....