We’re only a little more than half an hour into the trading day, and I’m already looking for other things to occupy my time. For a while there, it looked like the bears might have a grand old time, but as it is now, the only thing worth celebrating is that the bears didn’t get slaughtered. As I’m typing these words, ALL the stock indexes are green again, although crude oil is still down about 1.25%.
For my own portfolio:
- I added September 2023 puts on WELL;
- I dumped my AMD puts at a small loss;
- I dumped my SPLK puts at a small loss;
Thus, I have a mere 18 positions and 28% cash. I’m also not inclined to do anything else today. The market doesn’t feel right yet. As long as we don’t bust that /ES line at 4186.57, I’m content to sit on my hands.