tag:blogger.com,1999:blog-34323687.post7462458687305590178..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: Taking stockMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-34323687.post-28969454464159284242007-02-27T22:15:00.000+00:002007-02-27T22:15:00.000+00:00I vote half b and half c.I covered none of my shor...I vote half b and half c.<BR/><BR/>I covered none of my shorts, closed out most of my short-carry currency options and let a few ride, and bought index calls at the close (a loser, but insurance is there to be eaten).<BR/><BR/>What a fun day.wcwhttps://www.blogger.com/profile/16307608293310560164noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-81893180934669381862007-02-27T21:26:00.000+00:002007-02-27T21:26:00.000+00:00I agree with you there , hoping that this is not t...I agree with you there , hoping that this is not the same 2-month drop we had last summer into July , but will take it as it comes and let the market tell me how to trade next <BR/><BR/>best wishes on your dealsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31727371119222295002007-02-27T21:16:00.000+00:002007-02-27T21:16:00.000+00:00If you are short, selling puts can be a nice way o...If you are short, selling puts can be a nice way of getting out of the position. <BR/><BR/>I guess the real issue is how much technical damage has been done to the stock market? After what seemed like 8 months of 5 points per day gains in the SPX, a -50 is a bit of a shock to the system. <BR/><BR/>I suppose whether others join you in covering and writing puts will help determine how far this goes, if indeed it goes any further. 'Volatility events' like this, and indeed like last May, are rarely completely isolated events, in my experience....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29820206058143056222007-02-27T20:58:00.000+00:002007-02-27T20:58:00.000+00:00I'm taking this opportunity to cover half of my sh...I'm taking this opportunity to cover half of my shorts , then I short out-of-money puts with their huge volatility spikes (VIX rallied from 12 to 19 ) to cover those remaining positions ...<BR/>crossing my fingers as usual, but this is usually a good trade even if the timing is wrongAnonymousnoreply@blogger.com