The collision of global markets and social mood

Friday, March 4, 2011

Not greedy

I left some money on the table by selling the SPY 132 calls at the open yesterday, but then I wouldn't have been able to enjoy the skiing. Making 58% on an option trade that I thought was going to turn into a loss felt like a huge victory. It's also part of the give and take of trading and travel. Greed is not part of the plan.

I bought more SDS near the close to even out the delta between both sides of the hedge. The other side consists of SPY 134 calls and SSO 54 calls.

No trades today. We're heading to Vail from Breckenridge, that is, if the pass is open. Snow is in the forecast, and heavy snow in these mountains can pop up at any time.

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