No thesis here beyond:
* I'm bearish on the overall stock market, and
* XLF seems to be testing the top of a bearish trendline.
I am not taking a position on this, but I look forward to seeing if it's down by mid-February.
* I'm bearish on the overall stock market, and
* XLF seems to be testing the top of a bearish trendline.
I am not taking a position on this, but I look forward to seeing if it's down by mid-February.
Komentarz:
So far it only rose 4.7% higher than it was when I posted this idea, and is nearly back where it started. So far it's a nothingburger. Will continue to monitor. It's retesting the breakout from the trendline over the next few weeks.
Zlecenie aktywne:
Monday, March 13, 937am:
I just bought a Mar17'23 32p on this at 1.13
Breakeven price is 30.87
Might sell by EOD because I don't like holding through CPI (tomorrow)
I just bought a Mar17'23 32p on this at 1.13
Breakeven price is 30.87
Might sell by EOD because I don't like holding through CPI (tomorrow)
Zlecenie zamknięto ręcznie:
I sold this Put 2 days later at 0.86 (down 24%)
It never dropped as I had hoped it would
It never dropped as I had hoped it would