Trimmed Indexes Some; Vote No Bailout!

By -

I bought a bunch of RUT puts on Thursday at the close and a bunch of SPX and NDX puts on Friday. I have sold off Thursday's puts at a loss (but a $7k loss instead of the $60k loss I witnessed Friday morning!) and a portion of the SPX puts at a fantastic gain. The NDX puts I'm holding, although I've tightened up my stop. I'm just a skosh paranoid right now, and frankly, the $RUT graph has become a distorted monster. It's getting too grotesque to trade, particularly with Friday's prints.

I just got an email from VoteNoBail.org, and I urge you to check it out!