Matt's Positions as of December 1

AAPL:
Long 1 JAN11 100 Call

AEMD:
Long 8000 shares

CTSH:
Long 2 JAN11 15 Call

FSLR:
Short 2/1 DEC08 110/115 Backratio Spread

SLV:
Long 100 shares

SPY:
Long 2 DEC08 68/69/106/109 Iron Condor
Long 2 DEC08 68/69/106/108 Iron Condor
Long 2 DEC08 78/79/97/99 Iron Condor
Short 2 DEC08 85/87 Vertical Put Spread
Long 2 DEC08 84/86 Vertical Put Spread

UA:
Long 1 APR09 25 Call

This month profit (loss): (9.2%)
Year-to-date profit (loss): (38.9%)


Some adjustments I'm going to make:

• Not going to do backratio spreads any more, at least not for a while. They consume too much cash.
• Need to monitor the long positions a bit closer, to figure out how to sell premium against them.
• Need to be thinking about when to get out of the UA call.

All in all, even though I'm still going down, I'm not unhappy about this yet. I mean, I'm not really that happy with it either, but the bulk of my position is in SPY, and so far it is looking pretty positive for December expiration.