closing positions

today:

closed Treasury calls.

bought 112' at 0'01, sold at 0'10
bought 110' at 0'06, sold at 0'28

I think that the market may very well rebound cautiously, and have another nice run before the next crisis. Remember, in the 90's, we had the Long Term Capital Management crisis, then the Russian crisis in 1997, before the Asian Crisis in 1998, and the dot com bubble in 2000.