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I'm Back Into Small Caps

Published 06/16/2017, 02:47 PM
Updated 07/09/2023, 06:31 AM

Back on June 9, I pegged almost to the second the top in the Russell 2000 index. Since then, we’ve been weakening.

Readers may recall that I wouldn’t stop complaining about selling my QQQ puts too early. What I haven’t mentioned is that over the past few days, I’ve been building up the exact same options position (again, July 21st puts, priced at $142) against the IWM. I solemnly pledge not to completely bungle the exit on these.

As a reminder, I haven’t traded options in ages and am just a bear who buys puts. My small account is up about 40% since I started just a few weeks ago and hopefully this IWM trade will make up for my “left too much on the table” QQQ trade. Here’s my fingers-crossed anticipation:
iShares Russell 2000

Latest comments

it looks good. Market is behaving friendly.
Looks good. I think the market maybe weak the next two weeks.
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