Monday, November 30, 2009

Final Trade

Bonds were on fire into the close. Also the overall bullishness leading into the last 5 minutes lead me to open some SPY Puts. I took on a large position and we will see if it plays out. One of the main factors was the use of "Resilency" I kept hearing that word today. Also the last 2 bars on the spy 5 minute chart were huge sell bars with volume. Bought the January $109 puts for $3.20 each. Still have my UNG and TBT although they may be a wash.

No comments:

Post a Comment