I wanted some of the tech leaders, so I bought $TQQQ. I wanted some oil & a fat dividend after this decline, so I bought $SLB. And, I wanted the recent leader, $TSLA, so I bought the dip there as well.
As for week 1 in our March Madness tournament, it is coming to and end. You can check the scores HERE.
The say markets don’t bottom on a Friday, but I took a few shots today. Happy Friday.
If you enjoy the content at iBankCoin, please follow us on Twitter
Sold TQQQ intraday for quick gain. No balls over weekend.
I bought small amount of short expiry put options on VIXY and UVXY. It’s an all or nothing gamble on central bank intervention on Sunday night.
If the chances of intervention are around 50/50, it’s not a bad bet from a pure risk/reward standpoint.
I’m not going to go hungry if they expire worthless.
I like the call! What were your strikes like halfway back down?
17 on UVXY and 15 on VIXY
LOL look at the brackets! So whoever lost the less amount moves on? hahaha
True. To say this week was tough would be an understatement. I am rooting for STMP from here on.