"You try to be greedy when others are fearful, and fearful when others are greedy." Warren Buffett

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: 29.45 +1.03%)
Short (PWE: 19.51 -0.76%)
Long (TZA: 31.85 +0.63%) with a sold covered call (Feb $40)
Short (SDS: 32.56 +0.96%)
Short (FSLR: 135.50 -1.12%) 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.

 


Related Articles

 


No feedback yet.

Have an opinion? Leave a comment: