Thursday, December 11, 2008

Puts

This week I was stopped out of my puts on the Q's. Got frustrated as all get up, so I decided to take a short side of a put instead. I went ahead and sold Jan puts on Citi. My bet is that Citi will trend above 5.

Things are getting choppy and I am having trouble picking pivot points, so I will probably just sell some out of the money puts over the next few months. Much lower return, but theoretically less risk than the swing trades I have been making.