With the yuan crashing 1.2% last night and NASDAQ Futs diving 150, I thought for sure we’d get a horrid open. But instead, 70% of stocks are up. This is classic look into the abyss but come out a man trading action.
I closed out my UVIX hedge and added two longs, just in case this turns into a ripper. I’m still 66% cash, so I have plenty of reserves to defend my positions need be.
+55bps early going and liking the action.If you enjoy the content at iBankCoin, please follow us on Twitter