I'm not going to do a long post today; I'm tired of promising a giant end-of-day post and only getting it done at 1 in the morning (and I'm sure people are tired of waiting for it!) So I'll just mention this quick idea.
I've noticed a couple of paper/timber-related outfits that look pretty bearish. I bought puts on them both over the past couple of days.
As for the market in general – meh – it's expiration week. Things are weird. I'm a little disappointed at how strong the $RUT has been, and the Elliott Wave stuff I follow still thinks there is a little life left in this countertrend before the third wave kicks in (which would mean rapidly descending prices). So we wait patiently! And with that, I shall bid you farewell…..
