Buy
IWM via selling Aug 80 puts @96.3
IWM
is the Russell 2000 ETF. I don't like this trade. However, with the
recent option expiration, I am way underinvested. The folks at
ShadowTrader (a live webcast on the ThinkorSwim platform) are talking
about a 50% retracement. There isn't much out there. Liquidity is
thin, with wide spreads on some other August options. The July 4
holiday is another factor for premium.
Gold
remains a black hole. I am tempted to sell some way out August puts,
but I would rather wait for GDX to show some strength before even
doing that much. I am not selling my physical metal, and have avoided
trading them. I am too slow moving a trader for fast moving markets.
It is almost the same with bonds, it is moving too fast for me to
train my sights.
Long
APC BA BRKB IWM LGF NSC PG XOP XRT
Net
long SPY
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