I keep taking losses or rolling down to
reach my target deltas. I lose about 2.5% this week. It is a bumpy
ride. Just when I thought it was safe to go back in the water, the
Jaws shark music started up again. I had some small winners, post
earnings in Target TGT, pre earnings in Nordstroms JWN. Positive news
from Boeing BA, had me covering calls for big losses. Reduced my risk
on AMZN, at a big cost.
Friday
opened higher, then round 27 of tariff wars triggered a massive sell
off. I took my lumps through out the day. Just before the close I
bought puts on SPY and QQQ, near the worst possible levels. So I
ended the day net short QQQ SPY. We will see what next week brings.
Damned if I know.
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