Wednesday, October 27, 2010

Bookkeeping: SPY Calls Added

I've bought SPY calls on no reason other than POMO.  To say otherwise would be a lie.  October 118's, most likely to be sold tomorrow at some point - just looking for a quick in and out to take advantage of Bernanke's plan to make us all rich, one POMO at a time.  I'll take 6-12 S&P points gladly... using an 4.5% allocation.  I feel dirty like I work at Goldman but it is what it is.  I'll stop out if we break below today's lows....

Long SPY Calls in fund; no personal position


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