I can’t find the thread, but I pointed out the inverted yield curve (worst since the early 80s). So I said I was starting to go short. The market has ramped since then destroying my short positions. My puts don’t expire until November/December, but they are down bigly since I bought.
I will start dumping the positions if S&P break 4300.
Luckily I have stuck with energy positions and American coal. And the puts were less than 2% of my holdings. But still, I was wrong on timing and when you short, you have to be right on timing.
Like I said, I will admit when I am wrong and here, it looks like I might be wrong.
with that said, I will not be going long outside of my food and energy positions. I might look at adding fertilizer stocks back.
I will start dumping the positions if S&P break 4300.
Luckily I have stuck with energy positions and American coal. And the puts were less than 2% of my holdings. But still, I was wrong on timing and when you short, you have to be right on timing.
Like I said, I will admit when I am wrong and here, it looks like I might be wrong.
with that said, I will not be going long outside of my food and energy positions. I might look at adding fertilizer stocks back.
