I entered APR 75 $D calls as a hedge to my 
XAUUSD short and a "Dour Janet," ahead of the FOMC chair's speech last Tuesday.
Full trade set-up here: basementmacro.com/uncategorized/hedging-a-dour-janet-w-utilities/
The trade worked fantastically with the options returning 175%, as of Friday's close. I opted not to close the position because (1) the trade was working (2) I completely missed the sell signal at 75.50 and (3) the "Utility Trade" is a good hedge against slower growth concerns - which, I think should abate.
With this morning's pullback below the weekly bullish trendline support, I added a few more calls to my position. If we see a breakdown below the monthly bullish trendline support, I'll bounce from the trade. Otherwise, a bounce off this support should lead to a retest above $75, with a target of $76 - Yes, I know it's only 0.50 above the prior sell signal. I wouldn't suggest opening new longs, but if you're already in the trade, I think you may have another opportunity at $76 to exit.
XAUUSD short and a "Dour Janet," ahead of the FOMC chair's speech last Tuesday. Full trade set-up here: basementmacro.com/uncategorized/hedging-a-dour-janet-w-utilities/
The trade worked fantastically with the options returning 175%, as of Friday's close. I opted not to close the position because (1) the trade was working (2) I completely missed the sell signal at 75.50 and (3) the "Utility Trade" is a good hedge against slower growth concerns - which, I think should abate.
With this morning's pullback below the weekly bullish trendline support, I added a few more calls to my position. If we see a breakdown below the monthly bullish trendline support, I'll bounce from the trade. Otherwise, a bounce off this support should lead to a retest above $75, with a target of $76 - Yes, I know it's only 0.50 above the prior sell signal. I wouldn't suggest opening new longs, but if you're already in the trade, I think you may have another opportunity at $76 to exit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.