Froddy
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Hi Wattie,You on board Froddy, miners are going nuts....stops in place?
I'm not in any of the miners, as I already have gold exposure within both my derivatives account (trading GLD) and in my CFD account (trading spot gold). The miners look good though!
My current stock longs are BRK.B, ALGN and WMT. I'll get out of BRK.B tomorrow (before earnings). I've recently got out of RH and VMW. I'm hoping and anticipating that WMT will drop first to close at c.116 at options expiration tomorrow, where I've laid an OTM put butterfly trap for protection at 1:12.7 risk:reward if it comes off.
I've got a QQQ put and an SPX OTM put butterfly in there too, for hedge protection. Yesterday the SKEW index shot up above 135, indicating that "Big Money" is now hedging:
The crowd is way too long, according to the put:call ratio:
Good luck today!