This is a dangerous trade in my view because of all the damage to the other averages, while the IWM still looks very good for a bounce.
I'm going to open an August Standard IWM $114 CALL for a bounce in IWM. I have even considered temporarily closing SRTY and buying URTY, but that in my view is very dangerous as I'm using that as a core position, I'll need a lot more evidence before I'm willing to mess around with core positions.
For now, I'm going with the IWM Calls.
Is interest rates about to start going up?
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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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