Finally, the S&P's are starting to see some action. Bonds have had a lot of trading opportunities (which I took just a little of it), Natural Gas has shown some two sided trade, Gold has opportunities, but only a few stocks show opportunity such as: CLF,NEM,WLT,and BBRY. Otherwise, everything is a short. At this point, the market will probably fall as we are so extended, and we are at the very end of the distribution curve. For the most part the market is a random walk, but markets do get extended, and tend to go the other way. Lets hope after the market falls we see some two-sided trade, and normal market action. My big short position is short puts in VXX. I am short a lot of delta, but I would like to see two-sided trade. However, I want some stocks to get crushed, so we can see some positive theta and higher vol opportunities for short puts or short strangles. Now, I don't trade the Nikkie, but I just want to mention that is seeing a lot of volatility, as it went down 7.5% and was still volatile today.
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