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Today’s Transactions:
Open SPY Sep 150 Put at $3.20
Reason: this is essentially a hedge position for the purpose of protecting my long exposure. Currently the market is in favour of 50bps cut but I think 25bps cut is also quite likely. In short, I don\'t know how much the Fed will cut but I do know the next two days have the potential to be very volatile. Will hold the position through Wednesday.
Today’s Return: -2.59%
Return since inception(June 05, 2007): 41.31%
S&P 500 Return since June 05, 2007: -4.06%
Leverage: 3.36
My positions:
Long:
GRMN Jan 08 50 Call
PG
UTSI Jan 09 10 Call
MS
DRYS
GOOG Dec 07 400 Call
SOHU
Short:
SPY Sep 07 150 Put
Note: the positions under “Short” are indeed long positions in puts
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