Monday, July 25, 2011

7/25 Weekly Review

Looks like things improved a bit last week. There is still some volatility in the market though. I'd say until we clear this budget debacle we won't see this volatility go away. For now I'm closing any position that reaches 90% of the credit (Gold cash secured puts are almost there) and I have a few protective contingent orders if any of my underlying stocks (KO, PG, WMT and COH) go down by more than 8%.

Hopefully lawmakers won't be dumb enough to not reach an agreement to bump their own credit line and force a US default. That would be no good, no good at all.. :)

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