Small change to the portfolio today, with the markets on shaky ground at the moment I decided to add some September puts in Citi (C) for a short term hedge of my long position via December calls. The hedge is just 1/3 of my long position. Citi hit the rising trend line on the chart that I posted yesterday and held but it didn't bounce, so I will make a decision on whether or not to add to my long next week. I still have not entered a long oil position even though it continues to become more and more attractive everyday, but with market weakness and U.S. Dollar strength I think it could continue a little lower still. Here are a couple charts.
C
USO
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