SPDR S&P 500 (SPY)

[Neutral Man]

OUCH, 100% LONG at the Open and we're gonna have to play "hedge our positions" today, WHATDA, WHODA, HOWDA, LOL!

We'll be selling to Open 120 Dec42 calls this morning on ANY FREAKING Attempt to BOUNCE!??

StO, 120 Dec42 calls at 1.65 +/-

We hold the following:

BtO, 40 Dec43 calls at 1.40
BtO, 120 Dec44 calls at 0.90 - Order to StC at 1.50??
BtO, 120 Dec44 calls at 0.77 - Order to StC at 1.60??
BtO, 80 Dec45 calls at 0.51 - Order to StC at 1.00??


Total gains for the DecOE = .20 against 40 contracts

24Nov09, posts as 0.20 against 40 contracts

BtO, 80 Dec43 puts at 0.50, StC at 0.60, .10 gain