I’m getting ready to board Bear Force One for my return flight home, so I wanted to compose a post to give me some breathing room before I get tied up with the tasks of doing so. I’ve got 25 short positions presently, one of which is an options position: long October 17th puts on the DIA (Dow Industrials ETF). The /YM, the futures representing the Dow, have been rather spasmodic over the past day, reversing direction once they move any meaningful amount up or down. Broadly speaking, it’s heading the right way inasmuch as it’s weakening.





