Castles worked in the Middle Ages as a good form of defense and kept invaders from pillaging the population. Today, we fight a different battle between the bulls and the bears and I have re-added some XLF puts to hedge a little against any downside moves.We still have not penetrated the 1490 level on the S&P and I am planning for us to be in a trading range until at least December 11th. Therefore, buying some "protection" makes sense. The TIE puts that I own also help with any downside in the market tape.
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