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Trade Updates, January 7

January 07th, 2009 Comments(0) tagged , , , , , and
  • Bought TZA
  • Wrote a covered call on TZA – if called, 11% profit, 22.5% downside protection
  • TZA for a quick trade, bought and sold
  • Shorted SSO twice
  • Shorted SDS
Holding overnight:

Short (DGP: 56.64 -0.96%)
Short (PWE: 21.96 -1.13%)
Long (TZA: 18.657 +1.73%) with a sold covered call (Feb $40)
Short (SDS: 16.89 +0.79%)
Short (FSLR: 45.00 -0.35%) Lord help me

Edit: I covered SDS and opted instead for two Feb’09 $92 SPY calls.

I will post DGP, PWE and SPX charts later.