What Did You Buy Today?

[fenders53]

(09-03-2020, 10:17 AM)divmenow Wrote:

(09-03-2020, 08:01 AM)fenders53 Wrote:

(09-03-2020, 07:16 AM)divmenow Wrote: Bought VXX. This will only be a trade. I see this as a good play for the short term.

I like that trade.  I think it will pay off but you could ride it awhile if necessary.  I don't think our wait will be too long  I strongly considered that not long ago but ended up with some precious metals and TLT puts.  Same goal, expecting some chop and fear.  A small hedge.  Metals paid off faster than I thought.

And there it is. When your your right, your right 

I am your biggest cheerleader on that VIXX trade.  Volatility will drive the premiums up on my next 25 option sells.   What I would really like is a nice down 1500 DOW points week, but the Prez won't let FED chief get any sleep until he adds some more market jet fuel.  I'm not holding my breath fro a crash.