Put S&P 500

SDS @ $18.83 S&P500 @ 1271
Next Half expected @
1.) above 1300, not over than 1330~1370
2.) next rebound after seeing hit below 1096 (Oct bottom)
Time frame is 1ST Half 2012, as 10% leakage for half year.
If 1H2012, or even around end of 1Q, can't see (2) happened....
Or, lost over 20%, cut loss!!