Thursday, September 2, 2010

Portfolio Update

Today I took advantage of the substantial two day rally we have had to sell a few December 4 calls in Citi so that now my Citi position is 1/2 long December 3/4 call spread and 1/2 naked long December 3 calls. I decided to leave 1/2 my call position naked so that if the small chance that the jobs number is good tomorrow I will be able to take advantage of it and if not I will have a small delta hedge.

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