Breathing Room

Today's move lower has given me some breathing room. I was able to take partial profits and sell covered puts against a portion of my short positions. This greatly increases the chances that I will be able to see this position through. I am now in a position to profit if we topped out or to be able to add if we rally through early May. I still believe that we will see a significant top by early May at the latest. Have a great weekend.

1 comment:

Chaos! said...

Again, sentiment rules!
Nice trade.