Hedging

Currently i am long F, MPEL, and CHK. I also opened a short line on the VXX. On monday we should have a nice gap up. I am closing my VXX short line and opening april puts on all my long holdings.

MPEL will buy the april $6 puts

F the april $16 puts

CHK the april $22 puts

If we get a rally into year end i will sell covered calls on these positions to help finance the hedge.

I have been timid of shorting GOOG and i am waiting for this stock to get close to $580 then i will short in 50 share stock increments into $600.