Loading ...Sold SPY puts
I sold my short positions which I entered toward end of July. It is all guessing of course, but got lucky with the entry and decided to cash out profits. Beside number of stocks above MA50 got small. With the benefit of a hindsight, i should cover my puts mid August.
Oil is surprisingly strong today.
I’m holding all my uranium shares through this correction. I’m surprised how well stocks performed. There are lots of interesting news. Russia is buying and may be short. Orano is closing their mine for now in Niger. Top two producers are both showing less production than previously thought. Poland will build it’s first nuclear power. And on and on and on…
May not be surprise, that uranium spot is keep inching higher for now:
https://numerco.com/NSet/aCNSet.html
But, correction is coming, they always come. I just don’t know when and I don’t care since when I’m trying to be cute I usually regret…
I did the same with my SPY puts today too. Healthy 300% gain! Sold my silver shorts as well, we likely bounce for a few days before final capitulation. I still think a bit lower, but close enough. Oil has surprised me as well, it is due for a correction, but waiting to buy instead of shorting it in this environment.
I made the mistake of getting out of uranium too early, got kicked off and couldn’t get back in. I have November as a good buying opportunity for uranium, so waiting for price action through October.
It’s nice to get a few wins in a row!
> I did the same with my SPY puts today too. Healthy 300% gain!
You did better than me, congratulation!