Update from the dark side..

In my taxable account I'm in cash, SPY Apr 60 puts, APOL Apr 55 puts and GLD Mar 91 calls. In this account I'm not selling option premium I'm buying options. The account is up over 5% on the day.

Until things settle down I'll be writing covered calls on my long positions in other accounts and only selling new option premium on the precious metals and against treasuries. Time to adapt and change.

On my blog list are 3 sites you might want to check out. They are Slope of Hope, The Evil Speculator and Stock Tock. There is some excellent intraday commentary and analysis for those looking for an alternative way to trade. [Note: with the market getting killed it was a very profitable day hear in Darth Vader land...adapt and fight on!]