Thursday, April 9, 2009

Giving it a GO

I bought SPY 85 MAY PUTS at $3.90 a few minutes after the open. We just hit S&P 850 which should act as formidable resistance, but who knows because this rally has been NUTS! These are MAY puts, not APRIL. Learning from my mistakes, I need to be quicker with the trigger this time, and if I get the profits I am after, I am selling and moving on! (and if they are losses, sell and move on).