I'm closing last Thursday's Trade Idea: VXX Short/Put Position and capturing a decent double digit gain. I'm still leaning toward a pullback, but even if we don't get one, I'd rather just take these gains off the table, reassess the market short term and then decide if I want to re-deploy the position, hopefully at a better entry or perhaps do something different, but you can't really go wrong with a near 50% gain for a day and a half of market exposure.
I'll follow up and have early indications as well.
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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