I have taken no profits. On the contrary, I have become even more aggressively positioned. One of my fifteen bearish positions, my NVO March $115 puts, is presently at a 29% profit, but my hope is for that to get much bigger.

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I have taken no profits. On the contrary, I have become even more aggressively positioned. One of my fifteen bearish positions, my NVO March $115 puts, is presently at a 29% profit, but my hope is for that to get much bigger.

Well, yeah, now I’m missing every single one of those EWZ puts. I thought I’d get cute, so yesterday I dumped 40% of them in the hope of a bounce, but, umm, it’s a REALLY good pattern, and this bad boy just keeps plunging. Viva Brazil!


My March $115 puts on NVO are still in the green, although less so with Friday’s bounce. My faith in that well-formed H&S top is unshaken, however, so I am planning to hold on tight until the dashed green horizontal, my target.

The NVDA top is almost complete!
