SURVIVING THE GAME
JANUARY 21, 2009
2009 – 5

Markets seemed to have digested Obama’s arrival. The massacre in the bank stocks yesterday was brutal. It seems to hint that the TARP program is failing and the demise of many US banks is inevitable.

A few adjustments to to reduce risk in the portfolio.

Reduce the stop on the DIA FEB 90 calls from $200 to $60 and place order to close at $20.
Place stop on 20 ( ½ the position ) DIA MAR 100 calls at $25 and order to close at $10.
Reduce stop on the DIA MAR 89 calls from $350 to $250 and order to close at $100.
Reduce stop on DIA JUN 92 calls from $500 to $400 and order to close at $100.
Reduce stop on DIA SEP 92 calls from $650 to $550 and order to close at $100.

This simply reduces risk in the event of a rally.

Options Guy
Editor
Surviving The Game

optionsguy@shaw.ca