I sold the SPY July 104 Puts naked. That is not a very aggressive bet. If I were more constructive on the market in the medium term I would have just bought the underlying in the same size.

1 comment:

PJ said...

It seems like the realization is sinking in that the leading sectors, housing and retail sales, are sinking fast. Tomorrow's new home sales number will be terrible. Possibly early tomorrow would be a better time to go long than today.