6/27/2017.
Today's stock market action was more than a little eyebrow raising.
Today we watched the US dollar plunge, and we also had a rebound in crude oil. The other place where there was action is in the bond market, with a 10 year yield now touching 2.20 and the tech sector also got hammered.
Earlier in the day I initially opened up a new unhedged call position on under armor (UA) however, as the day progressed I did take up a hedge. I also bought calls on ticker USO, unhedged with A September expiration date and a strike price of $8.50. Today I also added to my calls on ticker SLV. See all my current positions, click here: https://www.traderschoice.net/money-page--stock-picks.html
*If you are a trader, I do outline how to hedge your positions quickly and easily in this publication, click here: http://www.lulu.com/shop/gregory-mannarino/options-trading-a-simple-effective-way-to-hedge-your-trades-includes-a-new-technical-trading-system/ebook/product-23108108.html
I believe it is important for us to all keep a close eye on this market, because the level of complacency is truly off the charts. Moreover, today's spike in volatility may mean more losses lie ahead for this market.
