The SDS has been treating me well and as long as the ambiguity remains within the market the better for this trade. Today in pre-market it is trading in the $106 range, which puts my gain at approximately 24% for this particular trade. After some research, I have tentatively decided to sell in the $120 range, which would translate into an approximately 40% gain. There are a few things which will directly influence my trade strategy and they are:
*Big 3 automakers status
*Ben Bernanke and Henry Paulson testimony
*Barack Obama nominations
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