S&P Playtime
Updated
S&P has retraced from all-time high back to breakout. Current options position is (slightly) net short but approaching 0 deltas and considering going net long with some shorter dated end of month calls. Also short on UVXY just in case we chop around for a while.
Lots of potentially juicy decisions and policies to look out for right now:
-US-China tradewar updates (200 billion or nah)
-US Federal Interest rate decision end of September (postponement of hikes could indicate fed worry over trade war's negative effect on US economy)
-NAFTA negotiation result eh
Lots of potentially juicy decisions and policies to look out for right now:
-US-China tradewar updates (200 billion or nah)
-US Federal Interest rate decision end of September (postponement of hikes could indicate fed worry over trade war's negative effect on US economy)
-NAFTA negotiation result eh
Note
Net long now with mostly options
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.