That is an aggressive drop in margin! If there ends up being enough of a bear market rally to fill the upside gaps on the indices - which isn't too much of a leap, I'm probably going in TQQQ puts.
Beware, today we saw a breakout of the trading range that the indices had be bound to for the past month and buyback season is coming. Expect the market to churn higher until something breaks.
Timing is so difficult. Irrational exuberance can last much longer than most anticipate but I think we are coming up on an important time for the Fed, investors, and the market. August and September are traditionally weak months for the market. I have a small position of LEAP puts but I am way early. Tomorrow the money supply report comes out and I think that it will be able to give us better clarity on how the rest of the year is going to unfold.
Understood. The year curve is ugly and money supply #s are ugly but the market seems to want to head back up, Normally the market makes new highs into raising rates until it doesnt, but when could that be?
That is an aggressive drop in margin! If there ends up being enough of a bear market rally to fill the upside gaps on the indices - which isn't too much of a leap, I'm probably going in TQQQ puts.
Beware, today we saw a breakout of the trading range that the indices had be bound to for the past month and buyback season is coming. Expect the market to churn higher until something breaks.
Will you write when you think the time for LEAP puts on major indices might be?
Timing is so difficult. Irrational exuberance can last much longer than most anticipate but I think we are coming up on an important time for the Fed, investors, and the market. August and September are traditionally weak months for the market. I have a small position of LEAP puts but I am way early. Tomorrow the money supply report comes out and I think that it will be able to give us better clarity on how the rest of the year is going to unfold.
Understood. The year curve is ugly and money supply #s are ugly but the market seems to want to head back up, Normally the market makes new highs into raising rates until it doesnt, but when could that be?