I took vacation time from the market just prior to the government default debacle, slowly getting back in with a few long term positions (cash secured puts on PG and WMT), I'm now studying trading plan for 2012 and looking to include long term positions and non-directional calendars or condors with very little adjustments. For now I'm easing back in the market.
Posted is the updated deviation chart, quite a difference from early August, yet one must not ignore the fact these charts tend to adapt to the current market environment (with increased volatility and wider moves).
Cheers!
Gustavo
