We shouldn’t get our hopes too high about shorting April 130 puts for a juicy premium over the 1.50 we paid, effectively, for the Junes.  This has been our goal for a while, but the stock market’s relentless rally has made this tactic a non-starter. That said, respite could come soon in the form of the 148.76 target shown. With news about the actual state of the economy beginning to overwhelm the spinmeisters’ lies, stocks appear especially vulnerable at these heights. If you want to be alerted in real time to any change in our position, be sure to check the ‘E-Mail Notifications’ box on your ‘My Account’ page.