Up 22% on this leg up since April. We’ve pulled back about 6% since. The generals are reporting over the next 2 weeks. None of their charts look particularly strong over a short time frame ( AAPL 0.00%↑ , META 0.00%↑ probably best). The NFLX 0.00%↑ earnings reaction thus far has seemed undecided at best. A green VIX today would be 5 in a row.
What am I doing?
Protective puts on long term holdings in large caps that are reporting earnings soon.
I’ve written call spreads on the QQQ 0.00%↑ at the $504 all-time high. I went into August with the expectation we’re not back at new highs before then.
Entered a trading position in SQQQ 0.00%↑ that I’ll hold above $8
Overall, just some short term positioning to capitalize if we’re in a pause period here. While red today, DIA 0.00%↑ and IWM 0.00%↑ have worked. $BTC has also been working.