I came in this morning short of 10 after overnight sales, I bought on falling prices until I was only short of 2. Friday I went home short of 6 and needed to work on that bear to manage my book so I bought 4 of that bear back. From there if the market had gone down I was in a position to make money and if the market had risen I would have had plenty of turns and a bull on the day to protect me against losses on Friday’s bear.
With hindsight I could have sold more when the market was high and/or moved the price down more before buying but the turn off might have been more shallow and the market might have gone further. So my assessment is that I managed the jobbing book quite well.