eye-opening day

good day to be hedged.

my-o-pics (get it) for short-term trading:

• goog put until 580.
• rimm put until 60.
• gg call until 36.
• nem call until 58.

generally buy 2-3 months out

start building hyper-o-pics for long-term:

• financials (c, ccrt)
• gold (gld)

exit strategy: cash in cost of position and ride the rest for 5 bagger at minimum.

limit derivatives to 20% of total portfolio. easier said than done. we are in a recession. gas is up, housing sucks, savings rate is negative, and unemployment is creeping up.