I know you’ve seen NextEra (NEE) many times, but I’m going to keep pointing it out, since it has got to be one of the cleanest tops I’ve ever seen in my life.

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I know you’ve seen NextEra (NEE) many times, but I’m going to keep pointing it out, since it has got to be one of the cleanest tops I’ve ever seen in my life.

When the new year began, I decided to shift my style to focus almost entirely on relatively short-dated put options. In other words, instead of buying puts on individual stocks that were half a year in the future, I’d instead dabble in the likes of IWM, XLU, SPY, and so forth with options that were maybe 6 to 8 weeks out.
I’m making an exception this morning and going back to my old ways by acquiring June in-the-money puts on these items, based on their clean patterns and the fact that their relatively calm action lately (unlike, say, SMH and SMCI) provide a reasonable price.

Long-time bearish favorite Alcoa (AA) is getting nuked this morning, down almost 9%, even in this comically fake, Fed-support joke of a market.
