Well, it appears that the bulls have pushed the tape high enough to do some short term technical damage to the tape. It looks like we are headed towards the 1100 mark on the SPX(1101.38 +11.28) and possibly a bit higher. I don’t see any reason to allow my puts to continue to lose value as we climb higher and time expires. I’ll take advantage of the higher prices when we get up there and load up again.
I’ll do some cleanup of the papermoney account over the weekend so I’m sure there will be some slippage, and this weeks puts are going to put a slight damper on things. No problems though. I’m still trading /ZC and making money so I’m building up the war chest for the right down.
