Equities are staging a shape upside reversal this afternoon, but it remains to be seen if it is another false pop or a durable bottom.
I am have my eye on the exits with my shorts, but want to see a bit more action before deciding.
In the meantime, gold and gold miners are reversing sharply higher again. Let’s see if they can finally offer a tradable low.
And corn has been most impressive of late. Check out the snapback rally, below.
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Short strangle options play on EXEL. $1.50 strike. Like a broken ATM machine that keeps spitting out cash. Specialist has it pinned to the mat in epic fashion.