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/

18 comments:

Anonymous said...

There is actually an online test that you can take, that will tell you if you qualify for the foreign earned income exclusion!!! Find it here: http://www.taxplannercpa.com/foreign-earned-income-exclusion-eligilibility.php

Physical Presence Test

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

Escobedo Piera said...

Selling the rest - fabulous idea

Anonymous said...

The initiative taken for the concern is very serious and need an attention of every one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible.
===========
seo services

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.

Fuller Madeleine said...

I in a secure manner

jack smith said...

If you are running a business in Sydney and want to ensure that the books of accounts are up to date you need to find and employ a suitable chartered accountant in Sydney.Chartered Accountant Sydney

Anonymous said...

hi, your blog is great and having a lot of intrestingthings.i consder your artical is so nice

Robinson said...

This is very good post and it is going best in this time.

Outsourcing payroll services

Digital Marketing said...

Good blog! Thanks for sharing good information. You can keep in touch with them via Bookkeeping toll-free number +38-0443-577-647/+38-0967-478-575. To have more support, you can visit our site: -https://accounting-outsourcing.com.ua/accounting-services-in-ukraine

Uhlenbrock CPA said...

Nice blog post, thanks for sharing useful content.
Keep sharing, keep updating
bookkeeping San Antonio
accounting firm San Antonio

taxwelluk said...

Thank you dear for sharing information. keep sharing information. if someone looking for Bookkeeping Pro Services then contact me.
bookkeeping services in barking

Aaaaccounting said...

I think this is a really good article. You make this information interesting and engaging. You give readers a lot to think about and I appreciate that kind of writing.
Accounting services in barking

1 Accounting said...

Reliable and affordable professional accounting, taxation, advisory and secretarial services for SMEs by top certified Singapore accountants.

To know more about us please click below links

Accounting And Bookkeeping Services & Accounting Services Singapore

Accountsly said...

Really very nice and informative blog content. You have shared information so precisely. Keep sharing it.

xero accounting services

William said...

Hi! Nice blog. We also offering youQuickbooks Number . If you need any help regarding QuickBooks issues, dial 1-855-756-1077 for instant help.

Kristy Smith said...

I like your post.thanks for sharing.

Bookkeeping Services in London

Outsource Bookkeeping Services Outsourcing Services