Closing Out Some SPY Puts At Great Profits

March 30th, 2009

Okay, haven’t I been saying this was going to happen for a week now? Guess all those ultra-bullz should have listened to my advice and multiple warning messages. Given the GM (now Government Motors not General Motors) news, I have close out half of my very large SPY put position from late last week at amazing profits. A chart of the complete trade is below in Green. As for our other shorts, they are all doing amazing today!

 

puts3

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