• Market Maven
    Long SNY, PRU, GS, LUK, K ,JOY, JCI, CLF, APA, UN, XIDEQ, WYNN. short calls on WYNN, GS, APA, PRU. Short PCLN with short puts.
    11/10/11
    Reply (9)
    • Market Maven: Also holding TZA, FAZ, UPRO, SPXU, SDS.
      11/10/11
    • Market Maven: Trying to get better about disclosures. Just difficult with doing it timely. Also have long dated SPY calls and short dated SPY puts.
      11/10/11
    • Market Maven: Stops in place each day on all equity names. Tighter stops on the 2x and 3x leveraged ETFs
      11/10/11
    • Market Maven: I understand extry points are important... for example, on K, I got in at close of business after they reported earnings.
      11/10/11
    • Ricardo Espinosa: That PCLN position is being long (the short puts).
      11/10/11
    • Market Maven: You could look at it that way... I'm really using the short puts to protect the short stk. I use the wkly options to
      11/10/11
    • Market Maven: absorb the premium and wait for the stk to come in. I'm short at 545. Have short puts at 520 and 525
      11/10/11
    • Market Maven: No doubt it takes constant attention. But I've made this work for the better part of 2010 and 2011.
      11/10/11
    • Market Maven: It's getting frothy though and will need to be more diligent
      11/10/11