Friday, February 17, 2012


Hi Folks,

Market very close to a short term top in my opinion. If not for the long weekend I would be buying SPY puts for next week. Markets are closed on Monday so I don't need the extra day of decay. As I mentioned before I think the short term top in this market will be around 137 in SPY and we got close today.

Today I did a quick flip in GOOG Feb 600 puts. I bought them for .25 and sold them for .40. I lost all of my money in my trade from yesterday. I bought the SPY 135 puts for .20 and they are going out worthless.

Have a great weekend!

Thanks and Good Trading,


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