I thought I'd never touch the likes of SDP again, but compared to the toxicity of SRS and FAZ, it seems dramatically more benign. How jaded we've become!
In any case, in one account I have a very large short position in XLU (by far my largest position), and in another account (my 401-k, in which I've taken profits on all my lottery picks) I purchased a large SDP position on Friday. I am obviously bearish on utilities in general, and although I'm not crazy about SDP's thin trading and wide spreads, it's the best way I know to take advantage in my long-only 401-k of this disposition.
