March 20, 2008 - 11:29 AM

180 Degrees

At the risk of seeming terribly capricious (or worse, a traitor to my beloved readers), I have:

  • Closed all my index puts
  • Have bought index CALLS on RUT and FXI
  • Have closed my OIH and XLE puts
  • Have bought CALLS on OIH and XLE
  • Am continuing to take profits on puts and reorient myself for an upmove.

I'm a bear, but I'm not a zealot. My goal is to make money. I like how China is looking in particular.