Quote from Buy1Sell2:
Update on long position.
I am long 22 units at an average price of 1436.02.
So, I am currently in the black roughly 25 pts per contract.
Will continue to hold position long.
Update: I am still long these 22 units. Over the past couple of days, I have been buying puts just under my position (one per contract) as a hedge. I am using some of the profits that I have built in here with the idea that I will let those put options decay in favor of longer term upside. --Cost of doing business, but now there is no need to place any stop orders. In fact, if we had a crash, it wouldn't be so bad for me. This will free me up as well to look at adding more positions as I see fit.
