Thanks Stephen- you called again on todays drop. closed a few july puts today but sitting on cash and july-sept puts that I've had pre-fomc.
like I said though haven't added much, A few NUGT calls and short euro's but small moves.
It will open up tomorrow but at the closing, it will be sold due to margin calls. It is going to be a headfake. China is still a problem. Did u know that there are lots of big buildings in China that are empty. I think their subprime could be worse than the U.S.
I'll be leaning into any snapback rips to the upside. Fully expect to have a few on the way down. Covered several positions this morning so I hope we get a 100+ point up day tomorrow in the Dow to fade into tomorrow. Love this game.