Investing Adventures

Tuesday, July 1, 2008

Daily Update – July 1, 2008

Filed under: Portfolio Progress — Tags: , , , , — Jorge @ 4:50 pm

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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