Wednesday, December 2, 2009

update

Yesterday, I got stopped out on my last lumber at 256.6. Today it's limit-down, so I guess it was a good thing. I still think I'm an amateur because after I existed, I kept going back and looking at what lumber is doing hoping 'since I'm out now, it should crash!'

Today I sold 1 Jan NG 4.5 put for 0.215. NG is making a multi-year low again (with regards to contract roll-over). There's a lot of bad news out there about NG especially with warm winter weather. I think one very cold week or two can change things very quickly and that's what I'm looking for. Since the only position I'm holding is NG, I'll probably add some more later.

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