The Dean’s Trades: DSL & LEH Puts

September 11th, 2008 at 7:40 am Posted by The Dean

I sold half of my DSL puts today and sold almost all of my LEH puts. This is still a good entry point for an SKF call spread. We are in a big rally off of this morning’s lows, which I think is actually bearish. That these little rallies start so quickly (there has been one every day this week, either at the open or at the close) indicates to me that there is still too much bullishness.

Happy Trading, The Dean

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