I am unloading the May QQQQ puts (expiry Friday) at $2.85; I am still long the June 125s and September 120 SPY puts. I am also buying some QQQQs for a trade.

The Markets is a bit oversold, these are up nicely, and I don’t wish to be a pig.

Given that the VIX calls are trading at a discount to how much they are in the money, I am compelled to hold onto them. You may wish to take the VIX options off the table, but I like having the hedge against any further dislocation.

As always, your mileage may vary.

Category: Trading

Email of the Day

Category: Psychology

SPX to the 10-year Yield Ratio

Category: Fixed Income/Interest Rates, Psychology, Technical Analysis

Linkfest May

Category: Weblogs

How Professional Traders Differ From Amateurs

Category: Apprenticed Investor, Investing, Psychology

Bulls & Bulls, Take II

Category: Financial Press

What do you believe that’s actually false?

Category: Apprenticed Investor, Investing, Markets, Psychology


Category: Financial Press, Markets

Disposable Personal Income as a % of GDP

Category: Economy, Retail

White House Hits New Nadir: 29% Approval

Category: Markets, Politics