Wednesday, July 19, 2006
Profits Here We Come
Not much too report really. Hence my lack of posts.
Market as volatile as ever. War in Middle East. Rising Oil. Rising Inflation. Our position cruising to big profits.
Bernbake strongly hinted that the Fed will pause rates in August and the markets have risen strongly despite the CPI going up as well today!!
Our RUT position is looking very nice and should profit now. Our risk is to the upside and as I write the RUT is 40 points away from our short strike (currently bang on 700)!! That's a big move in one and a half days!! For those more conservative people out there take it off now and enjoy your profits.
I will be posting our next trades tomorrow. Given the volatility of these markets we need some more time to ensure we have a bigger space between out two short positions.
Until next time.
Market as volatile as ever. War in Middle East. Rising Oil. Rising Inflation. Our position cruising to big profits.
Bernbake strongly hinted that the Fed will pause rates in August and the markets have risen strongly despite the CPI going up as well today!!
Our RUT position is looking very nice and should profit now. Our risk is to the upside and as I write the RUT is 40 points away from our short strike (currently bang on 700)!! That's a big move in one and a half days!! For those more conservative people out there take it off now and enjoy your profits.
I will be posting our next trades tomorrow. Given the volatility of these markets we need some more time to ensure we have a bigger space between out two short positions.
Until next time.
# posted by Paul @ 1:03 PM 
