Market Recap

Today was a very low volume day for the most part, with some down volume picking up into the close. Although my bias is still to the upside (i am net short), I do believe we could see a pull back in the next few days, as at the open, there was no interest to move this market to new highs. I have also taken some stagnant-upside option trades in strong stocks such as BIDU and GOOG. I am short AAPL and FCX as both broke to new important highs with little to no interest to continue to the upside. My stock shorts are currently for a pullback move. KFT is my protection in stock, as well as some covered calls and puts. Here are my current positions.

Short 1 GOOG OCT 15 490 Put @ 0.55 (+$55)

Long 1 GOOG OCT 15 480 Put @ 0.31 (-$31) =$24 less comm.

Short 6 BIDU OCT 15 90 Put @ 0.18 (+$108)

Long 6 BIDU OCT 15 85 Put @ 0.08 (-$48) =$50 less comm.

Short 25 FCX @ 95.29

Short 1 NOV 19 72.50 Put @ 0.47

Short 200 DELL @ 13.68
Short 2 Puts NOV 19 13 STRIKE @ 0.37

Long 100 KFT @ 30.93

Covered call @ NOV 19 32 STRIKE @ 0.29

Short 25 AAPL @ 296.35