Hello Investors,
Today we are putting on our “trading hat” and adding some bearish positions. We have a long weekend with the market holiday this week. We will likely be exiting (removing) all of these trades tomorrow for a little bit of a profit or loss. However, we see a scenario where the markets might be down big tomorrow. We think any upside is likely to be relatively muted. So, we are adding three (3) bearish speculative trades. Again, we are likely to exit all of these for a smaller P/L tomorrow. If the markets are down big, then we may hold a couple of them or adjust further. The QQQ trade likely has the most money at risk overnight. The option trades are lower risk/reward overall.
We did each of the following:
Sold short 50 shares of QQQ at 313.09
Bought to open: VIX Jan 20th, 2020 18.00 strike calls (some brokers might label the expiration as Jan 19th)
Debit: 6.10
Bought to open: SPY Jan 15th (monthly) 375.00 strike puts
Debit: 6.77
We will update these tomorrow!