I know that was quick, but I suspected they'd be short term, I don't feel they were worth the risk with TLT taking quite a quick nose-dive and VXX, etc looking like they will see a sharp near term upside move.
Once you lose the momentum in options, you start losing the profit and I didn't want a loss.
Right now option positions are essentially flat.
The ETF's entered yesterday are still active as they won't experience the same degree of draw down, I have more space and time to be more patient.
I'll bring you more shortly, but again things are moving very fast, it almost seems like Wall St. itself is unsure of what to expect which would surprise me so I'll keep looking for their foot prints.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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