Whats The Plan/Trade/Thought We have to adopt a Range market stance. When markets are going up with optimism, we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N) No
Trade Specs Sold 200 Calls @ 0.35 Strike 45 12.28% to Strike BP Used: 100k Max Gain: 7000