Don't get fooled by the action of bulls this morning. Instead, it is a very good opportunity to open or add more short positions. I would stay away from financials, but focus on commodity related stocks or techs. Market is on the way of heading down, A MUST!
My best selections here are DUG and DTO for shorting oil-related, ZSL/DZZ for shorting silver/gold, and QID for shorting techs.
I will load some calls on DUG.
GL!
As is planned, I bought more DUG shares at $17.00 and DUG OCT calls. DUG option max pain is $17 on Friday. Let's see how that plays. Same stops.
1/2 DUG shares were stopped out at $16.75. Will revisit.
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Morning Post 03/03/2025 SPX
3 hours ago
Agreed on the oil/gas play.
ReplyDeleteAny update on your MGM position? Did you dump or still holding?
Thx
I loaded more MGM ($8.05) at close of Monday and sold all of them at yesterday's close ($8.52), including the first batch that I bought at $8.72. Small gains on that trade.
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