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SOS Update: +30K but big rally takes away profit


Here’s the latest on the Short Only Strategy:

(Click for current status)

A huge rally this week took the current position to a mark to market loss, but we have big profits booked last month that keep the strategy afloat. I am not taking on new positions despite a large fall on Friday; I’m not yet convinced we’re good for a longer term short.

30K is the current profit figure, most of which came in through puts last month. I should be buying puts even now – but for some reason I’m not comfortable with the current situation.


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