Wednesday, April 25, 2012

More hedges

The market continues to go sideways making hedging challenging.   However, it seems like at some time this year there should be a pull back in the market.  It is very, very rare for a whole year to go by without a good pull-back.  CCI plans to continue to keep some hedges in place by being short options.

Specifically this week
- On Monday , CCI sold the May $136-$130 put spread on SPY on Monday in case "sell in May and go away" gains traction.
- Today,  on the large move in the "Nasd-apple" today, CCI sold the $67-$65 put spread on QQQ thinking the good Apple news will fade into the background in the short-term.

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