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Market Thoughts

  • We are adding to treasury shorts this AM.  Next few weeks could get choppy and downside risk if we get a market correction is not that high given potential.
  • Taking a flyer on some Dell puts.  Continue to be skeptical on this name.  I think HP out executed Dell.  Their lineup is very stale and other than the Adamo line there isn't much going on there.  It's a limit order for the 14 puts. Not recommending anyone do the same--highly speculative.  I just don't think they will do well.
  • Chinese currency long going into the weekend. 


Disclosure: short dell