No replies to this topic

[Macro Speculator]

Sold just over half the puts here at 1169. If we go straight to 1150 I will sell the rest. If we rally from here to 1205 I will rebuy puts. I still expect 1150ish to hold for a couple of months through the holidays, and then see the big move down to 950-1000 late in the winter/early spring. But that's for a later discussion...so far, this is going according to plan since the May touch of 1370. Hopefully we can keep figuring out/preparing for the big swings here over the coming months. Happy Thanksgiving everyone.