I have been very wrong lately, over and over, and it doesn't feel good. This market just keeps moving higher, to the detriment of my numerous put positions. I am carrying big losses right now in many positions. CBRL is absolutely driving me nuts, and PNRA today rocketed higher. All of my current put positions for that matter are currently showing a loss (accept, DF, currently my only put position in the green).
Its pretty apparent the sentiment is all positive right now, but I know its just a matter of time (it better be soon) that an unexpected event will ultimately upset this market rally.
I purchased FAZ today, which is a 3x financial Bear ETF, and am holding over night. I trimmed a couple positions yesterday, including an IWM put position and sold some SRS, only to reenter a position later in the day.
Ironically, March is going to be a great month of profits for me (i had an excellent first two weeks), but unless this market turns down, April is shaping up to be a bit of a disaster.
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Stock Analysis for Traders and Investors
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