#Eminis – I’ll be short an Emini after Friday. Already been selling puts against it to raise the basis. Since I don’t really have a lot to hedge it’s becoming more of a stand alone position. Rolling up a short put for nice credit while still leaving some downside protection.

Rolled /ES FEB 17 (Wk3) 2100 PUT up to 2200 @ 11.50 credit.

Basis in the Emini will now be 2230.