Wednesday, November 18, 2009

11-18-09

Well USO puts were being bought like crazy. We have option expiration in 3 days. They were the $40 dollar strike options, puts. In order for the price of oil to go down we would need a rise in the dollar. Went short SPG with puts it was on a tear today. We will see. All in all a pretty lousy day trading on my part. Couldn't get any real good market direction.

Real estate was on a tear into the close.

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