Jan 17 #Fuzzy
Well I flattened out a LOT today. I’m pretty bad at picking tops, but I’m ready to take a little break and see if the market is too. On each of my closed index fuzzies I retained a single long put, just to tuck away for safe keeping. I took losses on closing out the index fuzzies this morning before the rally really took off, and I took a loss and closed out EXEL. This is what I built up the fuzzy profit cushion to handle though. So the new net profit on CLOSED fuzzies is $42,595 (since 2nd week of December). A huge amount of risk has been cleared off my table for now.
Open Fuzzies: MU 1, MU 2, EXAS 1, EXAS 2, JPM, GWPH, and a new one on DIS.
I ventured into the world of Double Fuzzies today with SPY. So I have a SPY long fuzzy, hedged, and a SPY Fuzzy Bear, Hedged, in the same account. This is 8-fuzzy legs, maybe a tarantula? The bear is a 278/278/280 for 1.86 with a Jan 26 276 hedge @ .98.