Strategy, Approach and Statistics

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Monday, February 27, 2012

Market will Peak-Out This Week

GILD is the only long position for March expiry which I'd either close or convert to spread by selling 45/46 call. It is likely that market will peak out this week at least for the short term. VIX beginning to rise again, and it seems traders are protecting gains for a potential pullback. I am considering a VIX spread as well.

It may be a good idea to protect the long positions or buy back-month calls.

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