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Buying puts with the market at lifetime highs has tremendous appear for me. Volatility is almost nil, puts are cheap, and I feel like such a naughty chap. All of my positions are in the green, with most of them well into the double digits of percentage profits, and one item in particular – – the small caps – – is what I wanted to highlight right now. It has been the only sliver of red in a sea of green among general futures:
Welcome to the One-Day Trading Week. Now that we’re done with all these stupid holidays (stupid with, of course, the notable exception of the inimitable Juneteenth), we’ll have eight solid weeks of non-stupid holiday trading before us. This morning, the jobs report came out, and it was a total snooze-fest, with the made-up numbers equaling the targets. At first, the /ES exploded to new lifetime highs, although shortly before the opening bell it is effectively unchanged.
It’s a lovely chart! The symbol is $TASI:
I find these much more charming that the monotonous freeway signs.
