Sell BUD via buying back short Sep 60 puts
FUD (Fear Uncertainty Doubt) on BUD. Yikes! BUD stock tumbling down on unsubstantiated rumors that the deal may fall through. I HATE to do it based on pure rumor and no news, but I cover my short puts for yet another huge percentage loss. I don't want to take the chance on real news resulting in the stock gapping down another $5 or $10.
What a lousy trading week it is has been so far. My trading losses are for small dollar amounts thanks to my chicken-ness, but I feel like I have been put through the ringer. I am sure many other traders feel the same way. I am sure that a small group are still finding ways to make money, however, a larger group is likely getting margin calls as the wide market swings continue.
Positions: long FDX, GLD. Short USO
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