Got out of the dow trade. Don't know why, but did. Going to be out of pocket most of the week, but still think the market is in trouble on an overall basis. Between the banks, europe, our frickin gov, and to top it off, an incompetent fed, I just don't see a major move up. Hope I'm wrong !
Hey - profits are always a good thing and right now it's an uncomfortable trade both ways. I am looking for a good opportunity to roll out my naked Dec 30th 123 puts out to Jan or Feb spreads to hedge my risk a bit more as I will be traveling back east tonight but in general I want to have some short exposure at all times now.
I firmly believe the risk right now is to bulls rather than bears.
Look into those put spreads as a hedged way to represent your short thesis. Good thing about them is you can set em and forget em for the most part.