Traders Playground

Selling Swing: selling 1/2 long AJLBE at .64-.62 AAPL 250 Feb Calls . Selling 1/2 of the long position on the 250 calls but holding the full short position. Before had an equal money allocation long as short but a greater contract account as to make the position bearish. now this further moves the position bearish and since am still holding the 240 calls long it works as skewed bearish vertical strategy. Am still holding PALM puts but so far today PALM has slowed down its decent, but with this bearish market breath we should see a new leg down on her into the close. Am considering adding SCO OIL bearish ETF. BAC is a definition of to big to fail and down a lot but on any bounces will consider going bearish with some puts as legislation will move to focus on to big to fail. GLD X , XAU also all bearish ideas on bounces. GLL as a long on the ultrashort idea. In a nutshell things are looking bearish market wise but especially in the to big to fail space hence the close watch on BAC for puts, and simontaniusly the multiweek direction in metals is also turning now possibly strongly bearish.