Clarification and latest positions

Just a quick note of clarification for you guys regarding option trading the VIX. Some brokers don’t offer options on the VIX so you have to use the VIX-based ETFs like VXX or VXZ in that case. We’re not going to be in these VIX options for more than a few weeks at most, so I expect the ETFs to track the VIX rather well in that time frame anyway in the end so assuming you aren’t buying some obscure VIX-vehicle, there’s not too much difference as to which VIX-related vehicle you buy calls in.

Anyway, here’s my latest positions, in approximate order from largest notional to smallest:

Longs –

• Google
• Apple
• Fusion-IO
• Cisco
• Nuance
• Cypress
• Sandisk
• Autodesk
• VIX
• Microsoft
• Riverbed
• Visteon
• DBA

Shorts –

• LPS
• Apollo
• Bank of New York
• PNC
• Wells Fargo
• Live Nation
• SLV