Well, there goes the final leg of support. God help them a week from today, when earnings come out after the close.

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Well, there goes the final leg of support. God help them a week from today, when earnings come out after the close.

The cataclysm of 23andme (symbol ME) has been jaw-dropping. From media sensation to penny stock:


There’s not much to add to this post title, but my EEM September puts are doing well. I took profits on about 1/5th of the position with the intent of re-strengthening the size if a bounce takes place, but I’m keeping my faith in the sine wave.

A few bits of portfolio news: (a) I’ve trimmed a little on my XLU and NEE puts (b) I’ve taken all profits on SPY puts (c) In general, I’m pretty light now, but a couple of days ago I tiptoed back into individual positions, starting with the one below, Archer Daniels Midland.
