Mon Nov 21
Equities are acting crappy. Could inflation pause? Sure but that’s not enough. Could it drop sharply? Highly unlikely. Yes EOY buying should still show up but it’s generally after the first two weeks in Dec (hence the option expiration). Buy side will dump their crappy stocks and then rebalance into desirable stock names to end the year with. I still think the real sell off comes early next year. With that in mind, I am sizing these put positions so that if they work, I get some $$ for my time. If they don’t, I’ll still sleep just fine at night.
Good trading!
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