IvanLabrie
Long

SH: Hedging my portfolio with SH longs

AMEX:SH   PROSHARES TRUST SHORT S&P 500 NEW (POST REV SPLIT)
I reccomend purchasing $SPY puts, and/or going long SH at market open tomorrow.
We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account.
All in all, the range expansion validation target failed to confirm the bullish momentum in SPX , so I'm inclined to revert back to shorting it. We might be soon to validate the $DJIA terminal pattern from related ideas too, lower probability, but still within the realm of probability.

That being said, I don't want to close my longer term fundamental/technical stock longs, so, I choose to protect my exposure with $SPY puts, and $SH longs. All in all, factoring in the dividends, and the speculative shorts and puts, there is extremely low risk in holding the trades for longer, even during this pre-election period and beyond.

Good luck with the BOJ today, and tomorrow with FOMC, trade safely.

Cheers,

Ivan Labrie.
Kommentar: I bought at 38.45, stop 38.20
Trade geschlossen: Stop wurde erreicht: Stopped. We might break the recent all time high in SPX soon. We have to wait and see, today we have hit the 75% retracement of the recent VIX spike, so we can determine up to what price the smart money has bought the dip.
yeh bought some of these yesterday.
+1 Antworten
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