Long Puts

Puts on NE, BP, and NOV.

Oil continues to breakdown, a cold credit market has drilling down to a crawl. Look for poor performance among drilling contractors in Q4, as well as other service companies.

The market continues to breakdown, and I can't seem to buy Puts fast enough.

Puts on the Q's

This last week, I tried to play some shorter term Puts on the Q's, but right now the market is very volatile, and I was stopped out each time. If you are going to go long or short, make sure you have tight stops.

Hopefully these next few weeks, the markets start to calm down and behave a little more sensibly, that way I can make trades that last longer than a day.

It's not quite time to go long, yet; though I've been surprised at the drop in oil. I think that has potential for a very nice bounce in the coming months.

And the Bloodbath Continues

In N' Out

Long puts last week on the Q's, I sold them. Pure profit.
Bear Put Spread on the SMH, sold them. Pure profit.

Trying not to call a bottom. Technical Analysis has not provided enough follow through, much like the governments.

We'll see; but I still am overall very bearish. Markets remain volatile. Looking for some Vertical Call spreads for a net credit.

Bloodbath

I have puts on the Q's and a vertical put spread on the SMH index; set those up last week, because, like a shark, I smell blood in the water.