Shorted The Indexes This Morning
I shorted the indexes with a full position this morning while the indexes were up in the range of .50%. The RUT finished down -.18%. The gain turned out to be around 1.2% avg between the 3 I trade.
What I owned going into today:
EWZ Nov 71 puts, UNH Nov 27 calls (sold for 20%) Nov 35 calls (sold for 20%), AET calls (sold for 0%), SRS Nov 11 calls, XRT Nov 34 puts.
I increased my bearish stance on EWZ today and bought some Nov 71 puts.
I loaded into BAC Nov 16 puts today and my intraday timing was poor, my own fault, but my reasons for the trade are in this chart.
I bought UUP Nov 23 calls (I don’t really love this trade even though I think UUP will move) and MTL Nov 20 puts.
All Russia and Brazil related stocks look way overbought which I think sets the stage of a US dollar snap rally that causes a correction in Brazil/Russian stocks.
I also still own SRS calls, XRT puts. I kept my index shorts overnight.