This was brought to my attention by a comment over on The Fly’s tab, but apparently a certain someone who had been 100% short for quite some time now made massive uber-profits on Friday’s 2% dip.

Well, shit.  That guy needs to let me in on his secret.  Cause I’ve been short for just over a week now and Friday’s action, while gainful, was nowhere near good enough to drive my plethora of put positions back into profit-land:

I gotta get me some of that kool-aid.  I will need it desperately to eke out some profit on these trades.

And just because I’m a glutton for punishment, I will be looking to add some more bearish positions on any weakness tomorrow.  No less than 18 trades lined up (although some of the entry points are rather unlikely to get hit…):

• FCX (@82.50), GD (@65.75), GDX (@49.25), GLD (@113.), GOOG (@569.), HON (@37.71), IBB (@71.), JWN (@33.33), MA (@234.), MON (@78.50), PBR (@49.50), PCLN (@205.), PCX (@12.25), POT (108.75), SLW (@15.25), WMT (@54.), WYNN (@60.75), XOM (@74)

On the bullish side, the lone trade will be some straight SPY long calls, on the heels on Friday’s $CPCI reading of 1.67.  As this was above the upper threshold (1.59), we have got ourselves a contrarian long signal.  Jan’10 110.’s will be my weapon of choice.

In the meantime, the Dow futures took a dump.  Now down 100 points!  S&P, Nasdaq still looking sprightly…wtf?

Hmmm…scratch that…maybe…I think thinkorswim is just playing games with me…