SPDR S&P 500 (SPY)

[starbuxsux]

Your previous "last" post comes to mind in that this was one of those times to prepare for such a bounce. I must admit I was pretty sure today would be brutal during regular trade which caused me to dump my calls on the straddles I had as of yesterday pretty early today. Perhaps the slow trickle down and consistent day after day of red markets blinded me to the fact the "oversold" conditions were primed for this rebound however short it may be. Let's see if the banks help it tomorrow or bring us back to reality. MY only solace is that my expirations aren't weekly's and that I have some time to recover the hit these puts I still have took today.

Note to self: Go back and re-read my Investment Philosophy in my profile from time to time LOL