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Today’s Transactions:
Closed SPY Sep 150 Put at $1.45 Reason: the main reason for my hedging is two purpose: a) Uncertainty related to the Fed’s decision b) Uncertainty related to brokerage earnings. Both concerns are gone with the release of the Fed’s statement and Lehman\'s report this morning. Therefore closed the position.
Today’s Return: 7.00% Return since inception(June 05, 2007): 51.20% S&P 500 Return since June 05, 2007: -1.26% Leverage: 1.77
My positions:
Long: GRMN Jan 08 50 Call PG UTSI Jan 09 10 Call MS DRYS GOOG Dec 07 400 Call SOHU
Short:
Note: the positions under “Short” are indeed long positions in puts
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