- 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