How many down opens have ended with a strong close? So we open down today will it last till 10:30 this morning? Or do interest rates really matter in a highly leveraged economy? I still have sells on teh NDX & RUT but the NDX is close to a Buy for me. Still overbought but strong markets can stay that way for a long time. Covered my AMZN short like a scalded dog once it began to pop tuesday. Another small loser. Still net short NDX & RUT puts & bear call spreads. The june bear call spreads are pretty close to the money (RUT 850c short, long 870c). My RUT july 850 puts are still ok but I am close to exiting the NDX july 1900 puts at a loss.
I tried selling the GES june 45 puts & the 50 calls for an earnings volatility crush. Net credit of $2.50. I got burned on a few of these plays lately so I am a bit gunshy. I will exit the positions this morning some time and see how it works out.
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