It’s pleasant to open up to a regret-free morning. What I mean by that is that, all too frequently lately, the first impression I get from the morning quotes is that I’m not nearly short enough or otherwise positioned badly. Today, however, the market is modestly down, which means my positions are good yet I have the opportunity to get more aggressively where appropriate. Below as the /ES and /RTY overnight. As you can see, the /ES made some attempts to reach escape velocity (above the green line) but persistently failed, and the /RTY merely managed to close up its Sunday price gap.
I’m not sure if I’ve traded GOOGL in my entire life, but I bought October $170 puts on its yesterday based on this clear topping pattern and gap-closure. The stock is already bid $3 lower pre-market, so it’s looking sweet already!
Let’s all have a good day together to wrap up this crazy week.
