I have good news about my IYR trade that I’ve lamented endlessly for months: it expires on Friday, and I’ve deleted it from my spreadsheet, so I won’t have to burden you with any more “oh, what COULD have been” wails anymore. We’ll all just admit it went up 666% (seriously) after I dumped it, and that’s that.
My “new” IYR, which I hope I don’t screw up, is health care, XLV. I love this diamond top.
Here you can see it in a larger scale, although I have (lazily) not bothered drawing the diamond but am cheating with a nice, simple oval. Still, you get the point.
And here is an even longer timeframe. Take note of the lifetime trendline which has been so badly damaged.
If you’re curious, here are the component parts. But it really shouldn’t matter, since the chart is the chart, and there’s no a heck of a lot of reason to have any awareness about its components, unless you are freaked out by any of these in particular.
Anyway, I’ve got March, yes, March 2023 puts, and like I said, I hope I can defy my nature and not utterly screw it up this time. Like…………you know.
