Dynamic hedging is an art, Pekelo. You need a lot of experience not overpaying option vola and taking into consideration other aspects.... By the way : 1164.50. First Target reached. 1134.75 in the working. Just let the trend followers recognize that QE II is not "risk free" ! Reinvest some profits into 1070 calls, just in case our QE II heroes have the guts to add up to their positions...
I have read about 300 + articles on the foreclosure stall, funny mkts just noticing it. http://www.businessweek.com/news/20...-as-banks-tumble-on-foreclosure-concerns.html
I'm not sure how you do it but everytime you post one of these position sentiments trades, strong trends retrace or reverse. It actually biased me to reduce long positions No Heat :eek:
Hm, I am bearish biased for next month but what we make today looks to me like clear bull flag (we traversed from top to bottom of current trading channel. Simple volatility is too low for now.