Thanks Yahoo!

You know, between this picture above, and the new flash that came out yesterday...

You might want to consider a contrarian perspective, being that the financial reporters at CNBC are one of the most timely contrarian indicators available at your fingertips. If they are just now getting bearish, I am concerned the market will quickly reach its highs.

Here is the list of my current holdings.

Puts:

SOHU, FAST, WYNN, LVS, HRB, BWLD, XL, CHL, ADBE, ICE, OMG, WFR, TIF, CMG, STT, ICE and SIAL

Calls:

ATW, ANR, UPL, IPI, BBG, SFY, ENER, PTEN, SM, BTU, CHK, MON, CRK

Note: I am at full capacity. First time in 6 months. I'm tapped.

I am going to start taking profits off the table. For example, I have booked unreal gains in the Casinos, China, and in energy names. I am going to reduce some of these trades, by cutting the number of contracts in half. I'm not taking anything down today, but I see some watchlist ideas that will rival what we did here this week, which was "get rich" like I promised in the beginning.

Now if you will excuse me, I am off to take a nap.