Thursday, July 18, 2013
Basing? Maybe it is something?
Well we have some basing action. Hopefully it means something, but I can of like this general level in the ES considering it is kind of where we started the fall. So, hopefully markets fall and we can get some vol coming in, but for now we are stuck with it. Otherwise, bonds look like an interesting short, but I am not sure about gold. Natural Gas looks like an interesting short term long, maybe a dead cat bounce. Oil I think can be played to the downside, but be careful with that considering all the middle east stuff going on, and last I think 6j can be played to the upside on some more weakness.I tempted to put in some bearish positions in my account but I would need to pair it somehow. However, I am not really sure what positions I will be putting on, but I should eliminate some of my delta risk. I would enjoy having more theta but it is hard in this kind of market to get some decent time decay without taking risks I cant take. I am not really sure what to do here because if I did some more trades I would increase my delta risk, which I don't need or want, but again I need theta. So, this market is being a little tough on traders, but we should see some mean reversion. So, don't gloom and doom to much, be happy, so just do your best as I am and lets hope to see some vol.
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