Daily Update - July 1, 2008
They weren’t kidding when they said markets generally close higher the first day of the 2nd half of the year. I was rather disappointed at the bounce this afternoon. It felt more forced than anything else. In any event, I went ahead and lightened my put positions a bit by selling off a third of the financials I held. I currently have 1 contract of XL and LM remaining. I also sold off a contract from my CY puts. The bounce, while it didn’t feel well, still didn’t leave a great taste in my mouth. If anything, I can always reload tomorrow.
Profits/Losses Today: +$664.00
*** New Account High! ***
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