I’ve just added a whole slew of option positions into the order queue for my papermoney portfolio. These are almost all October/November expiration positions that include long put butterflies, short call verticals, long put verticals etc… I’ll post all of the details depending on the fills that I get. Basically, I’m winding it up and going for it on the short side. If I’m really, really wrong on this, it will hurt a lot and it’ll be a huge grind to work the capital back up. My personal portfolio has a very similar bent with lots of puts, lots of spreads and getting more and more bearish as the days go by. I’ve been making my money trading /ZC futures, and rolling the profits straight away into bearish SPY(110.62 +1.15) positions.
Anyhow, that is the plan. The fundamentals of the economy right now appear very, very weak in my eye. The green shoots are beginning to flake off the green Krylon revealing their underlying brown natural color. Anyhow, that is just one persons opinion. It doesn’t look good, and I’m planning to profit from it.
