Tuesday, February 17, 2009

I heard it on the radio....

Well not quite 3 to 1 on SIRI, but I'll take it in this lousy tape.

VIX soaring over 50, SPX under 800, end of the world scenario again. Using this pullback to roll some buywrites out 3 to 6 months if possible. .90 on the SPY 80-82 call spread looks like a good trade for the week.

Would hedge some of that GLD here at 95, looking for a pullback to 88-90 to add to positions.

What's with oil? I just paid $2.00 for gas and we don't even have a $40 on crude. Damn crack spreads.

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