"Time is money." Benjamin Franklin

Trade Updates, January 7

  • 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: 46.02 -0.41%)
Short (PWE: 13.85 -1.14%)
Long (TZA: 21.75 +0.51%) with a sold covered call (Feb $40)
Short (SDS: 16.93 -0.06%)
Short (FSLR: 13.82 -3.09%) 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.

 


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