Tuesday, August 18, 2009


Ok as mentioned traveling this week so most likely no more updates for the rest of the week. I will check in when I can to give updates in comments or a new post.

As mentioned before there is a chance for another minor push down either today or tomorrow before the normal opex shenanigans to try to run this up one last time. Watch 998 very carefully as I expect this to be the top by Thursday end of day or Friday morning.

I am about ready to increase my short exposure to around 50% and will be setting up limit orders for sep, oct, dec puts between 990 and 1004. I am still hoping to be able to get a long hedge placed around the 965-975 range to be able to take some pain on those puts.

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