• neobliviscar
    So want to go take a large 3 month short position on the market here. Hedging 3000 $INGR with selling the Aug $60 calls for the yield rate.
    7/17/13
    Reply (7)
    • neobliviscar: Holding on the hedge (working it), as feels $INGR wants to climb a bit.
      7/17/13
    • Perkins Cove: What shorts do you have now?
      7/17/13
    • neobliviscar: Very few now. Sold naked calls on some stocks like $MCD that I thought were toppy above $101 & some $FDX calls. Got a fair bid of $SDS as
      7/17/13
    • neobliviscar: options expiration hedge against longs we rode up the past 10 days. At this point, we'd make more on expiration if market pulled back 1%.
      7/17/13
    • Perkins Cove: So hard to call a market top. I suck at calls...so no longer try. But I don't handle OPM. Tough job....!!
      7/17/13
    • neobliviscar: Agree. With exception of Oct 2008, calling lows is confident. Tops... never been good at mrkt top calls. Just a few stocks. Bernie has been
      7/17/13
    • neobliviscar: exhausting me with the Fed Lighter Fluid for 1.5 years now. Know how the economy needs it, but hate the long term addiction implications.
      7/17/13