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:
I would like to suggest to you that the /RTY will make its way to the next Fibonacci level in the coming days and weeks and, prospectively, break the next Fib.
I will go on to say that, should it do this, it sets up a marvelous head and tops top which is quite analogous to the prior pattern, which itself was a good deal smaller than the present one.
Thy will be done.
