"Do you know the only thing that gives me pleasure? It is to see my dividends coming in." John D. Rockefeller

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: 56.96 -0.40%)
Short (PWE: 22.01 -0.90%)
Long (TZA: 18.51 +0.93%) with a sold covered call (Feb $40)
Short (SDS: 16.82 +0.37%)
Short (FSLR: 46.04 +1.95%) 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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