Daal
Registered: Oct 2002
Posts: 8997 |
03-15-11 12:54 PM
Fed futures have been up strongly as a result of the Japanese disaster(It appears that 'minute' levels of radition were found in Tokyo and that is spooking the crap out of people)
I'm seriously considering cutting back even more and there is little upside left(specially when you adjust for the probability of a correction and the opportunity to buy back in cheaper)
I'm also might bring back today the strategy I used a bit last year, shorting puts on VIX spikes. I will choose puts from high quality stocks that a slightly overpriced. Of course the position sizing is extremely conservative and at no point the puts(which have the downside capped because stocks can't become negative) will significantly affect my networth(Of course, I'm sure some people will still mention this or that trader blew up and you should never short puts, they might want to take a look at the insurance industry as evidence against their case)
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