Saturday, July 3, 2010

Bookkeeping: Taking Off Short Index Exposure

Yesterday just under S&P 1040 I added what I consider modest short exposure. I shorted about a 4.5% exposure in TNA ETF (3x Bullish Small Cap) ... in the real world I'd go long TZA for simplicity but to keep my record keeping easier between long v short, I do 'short TNA' for model fund purposes. I sold about a third of that exposure this morning for a 4%ish gain and I am going to sell the rest here for about a 12% gain.

Yesterday, I bought 2 series of puts, 2.5% allocation into each: SPY 103 puts and SPY 102 puts. Total 5% allocation. Both are up around 60% so I am going to sell them both and take my quick and dirty gains. They did an excellent job hedging off any long losses and for 3-4 hours of work, I'll take 60% anytime. I'm posting a screen shot only so when someone asked "how did you make XX% with 80% cash!?" I can refer them to this post.

Could there by more downside? Certainly. I just believe this rubber band to be very stretched at this point and risk is now as large for bears as bulls. When I feel some comfort a real bounce may be coming, I'll do the exact opposite of these 2 trades.

Any upside target for now would be to S&P 1040.

Source: http://www.ibtimes.com/

34 comments:

LC David said...

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于庭 said...

人有兩眼一舌,是為了觀察倍於說話的緣故。............................................................

婉婷 said...

噴泉的高度,不會超過它的源頭。一個人的事業也是如此,它的成就絕不會超過自己的信念。.................................................................

佳皓佳皓 said...

you are the best 1..................................................................

JasonBirk佳琪 said...

留言支持好作品~加油!期待進步和更新..................................................................

文辰文辰 said...

i consder your artical is so nice!............................................................

魏江伶魏江伶 said...

來給你加油,幫你推一下喔~期待你的下一個更新,謝謝............................................................

吳婷婷 said...

請繼續發表好文!加油加油再加油!..................................................................

亦妮亦妮 said...

cool blog,期待更新..................................................................

柯綠來 said...

唯有用熱情、用智慧去觀察事物,這事物才會把他的秘密,洩漏給我們............................................................

Abby Aponte said...

Yes, you just consider modest short exposure. It's always been like that and that's the way it in all probability will stay

怡謝伶 said...

人生有些波折,才能有些成長,所以不論順逆,凡是成長、成功的助緣,都應該心存感激。..................................................

承蔡蔡芸 said...

百發百中不是一試就成的。..................................................

宗雅欣博 said...

一棵樹除非在春天開了花,否則難望在秋天結果。............................................................

筱佳恩婷 said...

愛情是盲目的,但婚姻恢復了它的視力。..................................................................

Pedro Garcia Millan said...

HERE'S A DIFFERENT KIND OF REALITY IN THE U.S.A. THAT PEOPLE TURN A BLIND EYE TO BUT AFFECTS THEM DAILY AND WILL EVENTUALLY KILL SOCIETY AS YOU & I BOTH KNOW IT UNLESS WE STAND UP & STOP THEM!
===========================================

PART 1

THE U.S. CITIZENS HAVE THEIR BRAINS SCRAMBLED VIA FLUORIDE IN THE WATER & ALL THE ASPERTAME THEY CONSUME IN POP DRINKS, BUT THERE IS MORE.....

You see, Bush Sr., & Jr., Clinton, Regan, Carter, Obama, Ford...ALL these presidents are in what is dubbed a SECRET SOCIETY called The Moloch Axis Demoniacs (i coined the phrase myself...Dr. A.P. and i don't use my full name because WHO knows WHAT sinister crap they'd do to me IF they found out?) or M.A.D. for short.

These people, and there’s obviously more of them (Cheney, Rumsfeld etc.) than the ones mentioned, control KEY positions not just in government, business, society etc. They are GRADUALLY erroding MORAL/FAMILY VALUES in society. SO gradual that it's like hairloss! You see it ever so slowly and you have to be a keen eye to boot!

For example, women in the workforce...they go to work so WHO takes care of the kids? Some goofs getting minimum wage who could care less about those kids. Family split apart because NOW both parents work and the cost of life itself purposely increased to perpetuate this separation. Kids grow up with NO moral/family values. Repeat this a few generations and before you know it, you have mindless zombies that don't know RIGHT from WRONG! Easily programmable to get in debt, be anti-christ-like etc.

Also, the coming mark of the beast 666. Remember HOW it all used to be ca$h only? Then they introduced checks, then credit cards to get yourself in serious financial troubles, then ATM cards, and now that STUPID SWIPE-PASS card. What is the purpose of all this? To get people broken down enough and stupid enough through putting FLUORIDE in the drinking water and ASPERTAME in soda drinks/pop cans so we ALL can accept the 666 chip. So NOBODY can buy or sell or own ANYTHING lest he has the mark of the beast (anti-christ) which is 666.

I can go on for days & days as to the subtleties and more examples but i think you all SEE the points i make here. It's all SUBTLE and GRADUAL negative changes day in & day out that these M.A.D. demons (because they are demonic and have placed their trust in demons in exchange for their souls and material possessions here on earth) are passing into laws in Canada, USA, UK, SPAIN, FRANCE etc.

Pedro Garcia Millan said...

HERE'S A DIFFERENT KIND OF REALITY IN THE U.S.A. THAT PEOPLE TURN A BLIND EYE TO BUT AFFECTS THEM DAILY AND WILL EVENTUALLY KILL SOCIETY AS YOU & I BOTH KNOW IT UNLESS WE STAND UP & STOP THEM!
===========================================

PART 1

THE U.S. CITIZENS HAVE THEIR BRAINS SCRAMBLED VIA FLUORIDE IN THE WATER & ALL THE ASPERTAME THEY CONSUME IN POP DRINKS, BUT THERE IS MORE.....

You see, Bush Sr., & Jr., Clinton, Regan, Carter, Obama, Ford...ALL these presidents are in what is dubbed a SECRET SOCIETY called The Moloch Axis Demoniacs (i coined the phrase myself...Dr. A.P. and i don't use my full name because WHO knows WHAT sinister crap they'd do to me IF they found out?) or M.A.D. for short.

These people, and there’s obviously more of them (Cheney, Rumsfeld etc.) than the ones mentioned, control KEY positions not just in government, business, society etc. They are GRADUALLY erroding MORAL/FAMILY VALUES in society. SO gradual that it's like hairloss! You see it ever so slowly and you have to be a keen eye to boot!

For example, women in the workforce...they go to work so WHO takes care of the kids? Some goofs getting minimum wage who could care less about those kids. Family split apart because NOW both parents work and the cost of life itself purposely increased to perpetuate this separation. Kids grow up with NO moral/family values. Repeat this a few generations and before you know it, you have mindless zombies that don't know RIGHT from WRONG! Easily programmable to get in debt, be anti-christ-like etc.

Also, the coming mark of the beast 666. Remember HOW it all used to be ca$h only? Then they introduced checks, then credit cards to get yourself in serious financial troubles, then ATM cards, and now that STUPID SWIPE-PASS card. What is the purpose of all this? To get people broken down enough and stupid enough through putting FLUORIDE in the drinking water and ASPERTAME in soda drinks/pop cans so we ALL can accept the 666 chip. So NOBODY can buy or sell or own ANYTHING lest he has the mark of the beast (anti-christ) which is 666.

I can go on for days & days as to the subtleties and more examples but i think you all SEE the points i make here. It's all SUBTLE and GRADUAL negative changes day in & day out that these M.A.D. demons (because they are demonic and have placed their trust in demons in exchange for their souls and material possessions here on earth) are passing into laws in Canada, USA, UK, SPAIN, FRANCE etc.

沈許玉佳貞儀 said...

成功可招引朋友,挫敗可考驗朋友............................................................

俊芸茂芸茂翔 said...

成功可招引朋友,挫敗可考驗朋友......................................................................

峻胡邦慧v帆 said...

教育的目的,不在應該思考什麼,而是教吾人怎樣思考......................................................................

Escobedo Piera said...

Selling the rest - fabulous idea

翊翊翊翊張瑜翊翊翊 said...

生活總是起起伏伏,心情要保持快樂才好哦!!............................................................

舒夏怡 said...

多謝美味的心靈雞湯................................................................

惠邱邱邱邱雯 said...

聰明的人喜歡猜心 雖然每次都猜對了卻失去了自己的心............................................................

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司冯欣 said...

獲益不少,謝謝分享!............................................................

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Pedro Garcia Millan said...

PART 1

THE U.S. CITIZENS HAVE THEIR BRAINS SCRAMBLED VIA FLUORIDE IN THE WATER & ALL THE ASPERTAME THEY CONSUME IN POP DRINKS, BUT THERE IS MORE.....

You see, Bush Sr., & Jr., Clinton, Reagan, Carter, Obama, Ford...ALL these presidents are in what is dubbed a SECRET SOCIETY called The Moloch Axis Demoniacs (i coined the phrase myself...Dr. A.P. and i don't use my full name because WHO knows WHAT sinister crap they'd do to me IF they found out?) or M.A.D. for short.

These people, and there’s obviously more of them (Cheney, Rumsfeld etc.) than the ones mentioned, control KEY positions not just in government, business, finance, society etc. They not only perpetuate what will keep them in power today, but take steps to GRADUALLY erode MORAL, SOCIAL and FAMILY VALUES in society. This degradation is so gradual that it's like hair loss! You see it ever so slowly and you have to be a keen eye to boot!

For example, women in the workforce...they go to work so WHO takes care of the kids? Some goofs getting minimum wage who could care less about those kids. Family split apart because NOW both parents work and the cost of life itself purposely increased to perpetuate this separation. Kids grow up with NO moral/social/family values. Repeat this a few generations and before you know it, you have mindless zombies that don't know RIGHT from WRONG! The masses will be easily programmable to get in debt, and be anti-Christ-like etc. Add ASPERTAME, Fluoride in tap water, MSG and genetically modified foodstuffs to the mix and the process expands both rapidly & exponentially.

Also, the coming mark of the beast 666. Remember HOW it all used to be ca$h only? Then they introduced checks, then credit cards to get yourself in serious financial troubles, then ATM cards, and now that STUPID SWIPE-PASS card. What is the purpose of all this? To get people broken down enough and stupid enough through putting FLUORIDE in the drinking water and ASPERTAME in soda drinks/pop cans so we ALL can accept the 666 chip. So NOBODY can buy or sell or own ANYTHING lest he has the mark of the beast (anti-Christ) which is 666.

I can go on for days & days as to the subtleties and more examples but i think you all SEE the points i make here. It's all SUBTLE and GRADUAL negative changes day in & day out that these M.A.D. demons (because they are demonic and have placed their trust in demons in exchange for their souls and material possessions here on earth) are passing into laws in Canada, USA, UK, SPAIN, FRANCE etc.

Pedro Garcia Millan said...

PART 1

THE U.S. CITIZENS HAVE THEIR BRAINS SCRAMBLED VIA FLUORIDE IN THE WATER & ALL THE ASPERTAME THEY CONSUME IN POP DRINKS, BUT THERE IS MORE.....

You see, Bush Sr., & Jr., Clinton, Reagan, Carter, Obama, Ford...ALL these presidents are in what is dubbed a SECRET SOCIETY called The Moloch Axis Demoniacs (i coined the phrase myself...Dr. A.P. and i don't use my full name because WHO knows WHAT sinister crap they'd do to me IF they found out?) or M.A.D. for short.

These people, and there’s obviously more of them (Cheney, Rumsfeld etc.) than the ones mentioned, control KEY positions not just in government, business, finance, society etc. They not only perpetuate what will keep them in power today, but take steps to GRADUALLY erode MORAL, SOCIAL and FAMILY VALUES in society. This degradation is so gradual that it's like hair loss! You see it ever so slowly and you have to be a keen eye to boot!

For example, women in the workforce...they go to work so WHO takes care of the kids? Some goofs getting minimum wage who could care less about those kids. Family split apart because NOW both parents work and the cost of life itself purposely increased to perpetuate this separation. Kids grow up with NO moral/social/family values. Repeat this a few generations and before you know it, you have mindless zombies that don't know RIGHT from WRONG! The masses will be easily programmable to get in debt, and be anti-Christ-like etc. Add ASPERTAME, Fluoride in tap water, MSG and genetically modified foodstuffs to the mix and the process expands both rapidly & exponentially.

Also, the coming mark of the beast 666. Remember HOW it all used to be ca$h only? Then they introduced checks, then credit cards to get yourself in serious financial troubles, then ATM cards, and now that STUPID SWIPE-PASS card. What is the purpose of all this? To get people broken down enough and stupid enough through putting FLUORIDE in the drinking water and ASPERTAME in soda drinks/pop cans so we ALL can accept the 666 chip. So NOBODY can buy or sell or own ANYTHING lest he has the mark of the beast (anti-Christ) which is 666.

I can go on for days & days as to the subtleties and more examples but i think you all SEE the points i make here. It's all SUBTLE and GRADUAL negative changes day in & day out that these M.A.D. demons (because they are demonic and have placed their trust in demons in exchange for their souls and material possessions here on earth) are passing into laws in Canada, USA, UK, SPAIN, FRANCE etc.

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