1 reply to this topic

[Macro Speculator]

on SPX, both with outright shorts and puts on SPY...and also the second round of puts on Chipotle. This is clearly a different type of selling than the grind lower in early May. This is what I was looking for all along to start covering. If we see capitulation later in the afternoon, I will probably take half off. If we stay in the -25 range, I'll probably hold over the weekend hoping for a bigger washout early next week. Good luck everyone...

[sluzbenik1]

stops all gunned at 1280, just blew past pre-market low. time to catch a knife....