My September United puts are up 18.7%, and I intend for that figure to get a lot bigger. This is a honey of a top, and it’ll be aided by the Dow Transports falling overall.

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My September United puts are up 18.7%, and I intend for that figure to get a lot bigger. This is a honey of a top, and it’ll be aided by the Dow Transports falling overall.

Looks like a hammer formation……..

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:
