Took profit on half my TMV (the less liquid of the two long-duration bearish bond ETF’s). Entered position in HGSI (again) and sold November $28 calls. Over 10% profit in five weeks if it gets called away.
Closed out short strangle in FAZ Jan options for a nice profit at $1 per share more than intrinsic. Kept approximately $5 per share in profits. Position was put on with 200 days to expiry, now 100 days to expiry.
Added FAZ stock.
Watching SDS (anti-American 2x ETF) for an entry point, but standing aside as long as irrational exuberance rules.
Thoughts on this year’s Wall Street compensation in the works.