May your trading be better than Bill Belichick’s “Let’s go for it on 4th & 2 from our own 28 with 2 minutes left in the game!” call.  WTF was that?!  Just about the most retarded thing I’ve seen on a football field…and I watch the Raiders on a regular basis!

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Just like last week, the contrarian “system” based on the CBOE index put/call ratio ($CPCI) has turned bullish to open the week.  Both last Friday (13th) and the Friday before (6th), the day’s final reading was above the upper threshold (1+ std.dev. away from the 6-mo.avg.) and is thus considered a contrarian long signal for the next day.

The $CPCI-system has actually been doing fairly good over the past few weeks, after a lackluster September & October, and is a 5-trade winning streak, including a nice 30% win on last week’s trade (SPY 107. calls).

My order for some SPY Dec’09 110. calls is now ready to go.  May it be consecutive win #6.

Other than that, my portfolio has been rather stagnant – no trades at all on Friday…can’t remember the last time that happened (had several bearish put trades lined up, but none were filled).  I’m currently holding a fair amount of semi-worthless leftovers, although there’s always hope that they’ll come back to life like STP & WFR did on Friday:

I will look to play some more solar via ENER calls (@11.).  Also on tap are puts in GOOG (@565.) & TBT (@46.64) as well as calls in SRS (@9.25).