Over the weekend I wrote a post titled, Perfect Storm for a Rally. Well, we got the rally. Unfortunately, moving far faster and more severe than I expected.
As I prescribed, on Monday I exited my index put positions. And today, as the market stalls with the SPX not able to break the dreaded 1490, at 2PM Eastern, I have reinitiated my put positions on the SPY and IWM.
I will keep you updated as the market moves.
Disclosure:
Long IWM Dec 79 Puts
Long SPY Dec 150 Puts
As I prescribed, on Monday I exited my index put positions. And today, as the market stalls with the SPX not able to break the dreaded 1490, at 2PM Eastern, I have reinitiated my put positions on the SPY and IWM.
I will keep you updated as the market moves.
Disclosure:
Long IWM Dec 79 Puts
Long SPY Dec 150 Puts
Update:These positions were closed out early in the day on 11/15. Obviously I wish I would have held them longer.
3 Comments:
oops!
Nice call.
I'm long Cube puts m'self.
How do you think BIDU fare in this environment?
Citibank analyst say it's a buy, I am not too sure.
Market Swimmer
Post a Comment