Mar 14, 2013
10:49:24am
And that 10% is long AAPL and VXX (volitility ETF) and the rest is
in put options on the SPY. I'm betting Apple will announce a dividend and the stock will bounce and I will close that position. Volatility will spike with any sharp correction in the market pushing the VXX up and the puts make money when the market falls. So it's a somewhat diversified position that can make money even if the market doesn't move much, but will make a lot if it corrects 10-15% or more. Pretty sure the Dow will dip to somewhere close to 13,500 in the next couple months. That's enough for me.
Jersey hunter
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Jersey hunter
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