As I’ve mentioned, I’ve dedicated the entirety of one of my trading accounts to November XLE puts. Quite the YOLO, right? Well, kind of. But I feel quite strongly about this trade.
The Lighthouse in a Sea of Shadows
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Now That Retail is Out
If you’ve been itching go to bearish on retail, there are a few good reasons to do so now:
- The latest retail figures are out, dispatching that uncertainty;
- The IV rank and the implied volatility are very low (see below);
- There’s a squeaky-clean price gap at 94.72 on XRT which would act as a sensible stop-loss
Robbing Peter to Pay São Paulo
As massively, hugely, and grotesquely an “up” day it was for every asset from kitty litter to equities to futures, even in this everything-is-green environment, Brazil couldn’t log a positive change. This has been the Old Faithful for the bearish set, steadily bleeding itself lower week after week, month after month.
Crisis Investing
A Gadsden flag hung out of a Southwest Airlines 737 cockpit. Photo via American Greatness.
A Market Buffeted By Bad News
The apparent work slowdown at Southwest Airlines (LUV), snarling air travel last weekend, is the latest bit of bad news to hit the economy and markets. Since we shared our bear-proof portfolio back in July (“Building A Bear-Proof Portfolio“), we’ve had the ongoing energy crisis, the China Evergrande (EGRNF) crisis, and supply-chain crisis (“America Is Running Out Of Everything“). All together, this seems like a good test of a portfolio built to manage unforeseen risks. Let’s see how it’s done so far. First, a quick recap of how we built the portfolio.
(more…)The Gift That Keeps Giving
