IBB: Go long, hedge or not
Updated
Same theme as SPY, we have an excellent long opportunity here. I like the VIX and pseudo-VIX activity today (USDMXN if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD position, or IBB puts at $255, Dec 16 expiration.
Good luck!
Ivan Labrie.
Good luck!
Ivan Labrie.
Comment
Good progress on longs, back in profit.Comment
Conservative traders are in the money now.Comment
I didn't get any love for this one haha...anyone in?Trade closed manually
I'm out.Comment
I'm looking to reenter, within 3 days or sooner. The pullback is giving a fantastic opportunity to buy back with a hefty position.Trade active
Got back in today. -I also shorted NVDA-
đź”’Want to dive deeper? Check out my paid services belowđź”’
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.