Trades and Ideas

Position Updates

Going slightly short into the weekend. I got scared out of a couple other shorts in the afternoon thanks to the rumour that the stock markets may be shut down. I didn’t want to leave much locked up in case that happens.

Here are my positions as of market close:

[[JCP]] short JC Penney
(2-month target $15-17)

[[SDS]] : [[SSO]] = 10:9, short SPY/long SPY
(SSO should fill the $45 gap, SDS should fill the $72 at which point I’ll sell SSO and will add SDS without SSO hedge)