Ouch.......Everything Downhill From Here

Well OXPS trade also did not work out and it looks like the Calls will expire worthless. I lost another $1,400 there to bring me to negative $1,900 on last two trades. That means I am only still up $400 this year and am in dangerous territory. To make it worst still - GGC has been staging a nice rally back into the $27.50 territory and it looks like the August Calls I wanted will be much more expensive than anticipated if I had purchased them back in the $25 area.

Big reality check here. If the GGC trade goes awry I will go into the negative for the year and will have a real tough time getting back in the green. Meanwhile a positive GGC trade could give me some capital to focus more exclusively on the short side as it appears the real estate related sectors are getting ripe for the plucking.

Best regards,

BG