Short XLF not because it is hard, but because it is easy

29 thg 4, 2020

Its top two constituents by weight, JP Morgan and Berkshire Hathaway's (stinky) B shares, have been performing very poorly in comparison to most stocks:





This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.

4 thg 5, 2020

Giao dịch được đóng thủ công

I'm glad I picked XLF instead of the other two.

Closing trade for now, will consider reopening near the end of today's session

10 thg 6, 2020

Giao dịch đang hoạt động

Reshorting, aim for a sweep at around $19, previous low

12 thg 6, 2020

Ghi chú

Longed $25 6/19 put on Thursday, 11th of June, near open, .31

Covered with a $24.5 6/19 put on Friday, 12th of June, near mid of trading session, 1.19

Rolled over into $24 6/26 put on Friday, near end of day, 1.32

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Mistakes made:
- Didn't cover the 6/19 long put earlier like near EOD Thursday or start of the session Friday
- Should've waited further into the session to rollover into the 6/26
- Maybe should've waited to get into 6/26 put on Monday instead