When in Doubt Raise Cash

As I walked the canines early this brisk, late Fall morning in DC, I pondered what were the likely scenarios that would play out a 2 pm today.

I could nail nothing down, I do not trust Yellen, I do not trust ALGOs and I moved on to plan B.

Plan B for me is to take profits (or losses), raise cash and wait patiently till I find a bit of clarity in the mess that has been December.

I have eaten a lot of crow while SPY dropped 3.3% this month, but have made some good trades and find myself with a nice holding of SPY and PANW calls (maturing this week) that I am going to sell on the open and have a pile of ammunition to fund my next gambit.

Patience will always reward you.

Trading the open, watching the fur fly this afternoon.

Selah.

 

 

 

 

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