Saturday, September 07, 2019

Weekly: bears scurry for cover

A Tuesday dip is followed by a decent rally. Bearish traders take cover. I rolled down on the Tuesday decline and bought some QQQ and SPY calls to rebalance to slightly bullish as the market rallies. It is half a loaf to be sure, but I still finish the week with over a 2% gain. This despite a neutral then bearish stance on many underlyings. 

I reinitiate a small position on LULU post earnings. I roll up on AMZN and many others. I am close to all time highs as is the market.

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