My limit prices on my legacy URTY position were hit this morning. The position is now 1% of assets and that last 1% will go at the limit price of $67 URTY.
Still have the all of the UCO I bought in May as $WTIC experienced that nasty pullback to $78. My only regret being that I lost heart and did not average down more in UCO to get the cost basis into the high $20’s rather than the $32.99 that I stopped at. I also still have the TNA I bought in June after the Bernank disappointed the masses by not rolling out QE3. However, it’s a small position and was bought as a hedge for my larger short $RUT/long vol positions. Speaking of, if the stochastics on $VIX get back into the single digits shortly before the close today I will add a bit to my UVXY position to average down. I may not get the chance as it looks like Turnaround Tuesday may live up to its nickname and vaporize the gains. Some of which have already been given back as I write this at 1200 Eastern.
