Option expiration day

Covered all ES Nov 1000 Put at $6.25.

another position

bought 1/-2 calendar es nov/oct 1000/1000 Put at $6.25

new position using ES at 9/15/2009

bought 1/-2 calendar es nov/oct 1000/980 Put at $8.25.

Taking advantage of pullback

With an increase of volatility today, I sold 1 contract of ES April 700 put at $1.4 and 1 contract of ES Apr 695 put at $1.1 with my future account.

The market is still bullish in my opinion. A pullback will neutralize the overbought conditon, and the market can go higher.

Total credit today (excluding commission) = $125
Total debit for the portfolio = $2,135