Lions.. stocks are under pressure, it is noon PST. and congress again fails to get anything done in the way of a stimulus. The market is NOT liking this..
I am holding my long term option calls and buying the dips as usual..
I expected a strong head wind today so I'm not surprised that the markets dropped, so I bought and pulled profits on AAPL Puts @ 68.4% profit, SBUX Puts @ 68.2% profit, and TGT Puts @ 32% profit. I added to my call positions at their lows so I will be sitting pretty if the market goes up tomorrow, and If markets go down again I will buy more PUTS!!!
I expected a strong head wind today so I'm not surprised that the markets dropped, so I bought and pulled profits on AAPL Puts @ 68.4% profit, SBUX Puts @ 68.2% profit, and TGT Puts @ 32% profit. I added to my call positions at their lows so I will be sitting pretty if the market goes up tomorrow, and If markets go down again I will buy more PUTS!!!
Can't shake the feeling that for every dollar I go long, a thousand dollars is being bet against me.