A
bit of luck, and a bit of skill, yield a lot of small winners. The
one loser was part of a vertical spread on AMZN, so really there were
no losers. Even the worst entry of selling puts on Boeing (BA) before
the 787 grounding news worked out, with me making money on both sides
of the short strangle (selling puts and calls). I didn't take many
risks, so the winners were all small fish. I was a bit lucky
especially on AMZN.
The
tight and narrow advance looks like big money scaling in. It won't
last forever, but while it does last, shorts, especially option
buying shorts are being punished. Eventually, the trend breaks, the
elephants stall or turn and run. Worst case is that the elephants
stampede, and then the stock market bulls get their turn at being
punished.
Long
BA IWM LGF KORS MON PG QCOM
Net
long APC
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