The action thursday and friday was just what the Dr. ordered for me - I flattened a ton of short deltas in a bunch of names - sold some vol I was long - and now I will wait and see what tomorrow brings. Probably my biggest winner in this 5% down move was my convert vs common position in Freeport Mcmoran (FCX) - this was about the cheapest synthetic put I could find and it worked perfectly.
The SPUZ just opened up around $4 for the overnight session.
More when I have something good.
Good luck this week
JB
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Trading for a living is psychotic - it takes you to the darkest and brightest parts of the emotional spectrum - take a look inside.
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