Search This Blog

Monday, January 11, 2010

Trade - took protection, but still questioning

I took on protection as my triggers were met. However, the trigger was most likely achieved by the re-pricing of the Vix index instead of real decline in fear. Regardless, I protected my positions.

The lingering question still remains... how severe will this correction be? I see AAPL and GOOG with very nice consolidations already. This leads me to question the size of the market consolidation. I have not closed out the bullish call options I have on these names.

No comments:

Post a Comment