We continue to power higher and my puts continue to lose value. I feel like I keep repeating myself over and over again. Anyway, I want to see where this rally goes today, before adding to S&P puts. I guess 850 is realistic at this point, but I am not sure what is going to drive us higher, now that g20 and FASB are behind us. I guess next up is the employment report and of course Q1 earnings.
All of my purchases the past couple days - RTH, SPY, SRS, FAZ, were obviously premature. This morning the QQQQ's broke past resistance, and I'm assuming the DOW and S&P will follow.
I did purchased COH puts today - COH May 17.5 at 1.6. Unfortunately, these are already worth only 1.3. So far all this put buying has brought nothing but pain.
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