Seeking Alpha
  • Ocean Man
    Added back some Jan 25th $147 $SPY puts for $1.46 with SPY at 146.57. That level was toppy last Friday and this morning.
    1/10/13
    Reply (6)
    • Ocean Man: I suppose you could argue that level has been toppy for about 12 years.
      1/10/13
    • wenlock00: OM any views on the market and when the rally might end?
      1/10/13
    • Will Erlandson: I've been maintaining a few for a week now, but as a pair with long TBT. Net deltas in my portfolio beta-weighted to SPY is currently -80.
      1/10/13
    • Will Erlandson: I've been maintaining a few 146s, but as a pair with long TBT calls. Net deltas in my portfolio beta-weighted to SPY is currently -80.
      1/10/13
    • Ocean Man: wen - I see reasons we could go in either direction. Earnings announcements, particularly by the banks, could be the tiebreaker.
      1/10/13
    • neobliviscar: Sold the $147 $SPY Calls. (3pm EST)
      1/10/13
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