Thursday, June 4, 2009

6/4

This market keeps going up. In the past five days the IWM has gone up 8.2%. The markets is on an optimist high, counting on a recovery. This is the same old story that the rate of decline is getting less bad. Tomorrow is the big day. If the unemployment numbers are worse than 9.2% we can see some rationale pullback, however is the rate meets expectations then we might we this rally move up even more. The volume on the IWM has been dwindling in the last few days while it has gone up.

My overall positions is:
Delta: short
Vega: Long
Theta: Long

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