As mentioned if it appeared like Trump was going to win we would get a rally but it would fizzle out and fade. We are what I believe starting to fade.
I am short 200 shares @ 476.42 Avg
I am short 2 JUL19 495 Calls @ $6.64 each which are now trading at $0.34.
Only 2 days left I am going to just hold the calls to expiration, it is looking good to expire worthless but there is no reason also not to just close them out and take your money and run ($1260).
I would like to see a setup on the daily here to add another position or sell more Calls so simply going to wait. Would be reasonable to see a bounce tomorrow and that is where I am looking to short.
Bottom line, The Big 7 are a good hiding spot, but now that the election is becoming more and more clear, look for that rotation into energy stocks and also a few like CAT and DE.
I am also looking at some beat up Biotech stocks as well.
Happy trading!!!
I am short 200 shares @ 476.42 Avg
I am short 2 JUL19 495 Calls @ $6.64 each which are now trading at $0.34.
Only 2 days left I am going to just hold the calls to expiration, it is looking good to expire worthless but there is no reason also not to just close them out and take your money and run ($1260).
I would like to see a setup on the daily here to add another position or sell more Calls so simply going to wait. Would be reasonable to see a bounce tomorrow and that is where I am looking to short.
Bottom line, The Big 7 are a good hiding spot, but now that the election is becoming more and more clear, look for that rotation into energy stocks and also a few like CAT and DE.
I am also looking at some beat up Biotech stocks as well.
Happy trading!!!
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.