Stocks oversold, and I can’t say that people are too bullish here. Check out AAII today.
This survey got above the bullish historical AVERAGE once this year. Today, we see the bearish camp is +16% above the bearish AVERAGE.
People are simply trying to anticipate pain here. That means pain is still up.
Just like last Boot Camp, we are meeting into an oversold market. Consider yourself very very fortunate for the timing of said things.
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Selling XLE PUTS Leaps
Bought $FCX here. It was instinctual, smelled the blood.
I think the entire news cycle is filled with all kinds of things that suck – there is nothing positive out there and that makes everyone just blah
Any view on TLT long here?
Nah. Sell rallies.
OA…$MEET looked to be reloading for another move higher, down on the secondary announcement. Curious if you would buy this pullback….I know its $OA Jr portfolio but interested in your take here.
I think so, I’d like to see how it trades.
Put/ call closed above 1.1. 7 of last 9 up the next day if you throw out the crazy hedging pre-election in Nov.
Managers are hawking short term bonds big time right now. Commissions, one way or another.
Agree, today’s low was a buy, even if it’s stopped out tomorrow
ugh,
added to TNA 103 calls at 940, against the will of the sentiment poll…
non-existent cash on sidelines….
Great call on $CMCM & $SFUN.
Waiting on the $SINA spike!