December Trades - Update

With only 12 days remaining to expiration it is very hard to predict the direction of this market. The trade we opened on 11/23 could quickly become un safe and have to be closed next week. The market is so volatile making it hard to know what direction and how much stock prices will move each trading day. The hedge funds are executing their orders at the end of each trading day causing huge swings in the last 60 minutes. All the news is very bad and every other business article includes a reference to the recession our country is experiencing. The debate is how long and how severe this recession will be.