SURVIVING THE GAME
DECEMBER 30, 2008
2008 - 26

Things have gone well the last week. Moving sideways to slightly up. Straddle positions performing well. Need to do some adjustments.

NEW TRADES:

Sell 20 DIA JAN 76 puts.
Place stops on JAN DIA 88/88 straddle at $800.
Currently trading at $542-550.
Hang on to long JAN DIA 96 calls, not worth selling at $8 each.

This removes insurance bought to protect downside but stop is in to liquidate if we drop too much.

Place a stop on UDN APR 25 calls at $200. Currently $240. Don’t want to let the gains in this get away if $US turns up on us.

Will send position summary tonight with fills and stops.

Options Guy
Editor
Surviving The Game
optionsguy@shaw.ca