Monday, November 16, 2009

Sold 2/3 of my UDN position & UAUA CC's,

- Dollar dropped significantly today took the opportunity to lighten my dollar short position and take profits. Still holding 200 shares. Will look to add on a pullback unless the Fed signals otherwise.

- Sold 2 UAUA cc for Dec. $8 strike price. Collected .45¢ for each $90. I'm hoping to either have the stock called away in Dec. or for a pullback to buy my calls back or let expire.

- Scaling back into my TBT position as a hedge against a dollar bounce back and the Fed's hand being forced to counter the dollar's demise.

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