norok

Hedging with short DVN

Short
NYSE:DVN   Devon Energy Corporation
When the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable.

This morning's volatility setup a good short entry on NYSE:DVN that by looking at futures this evening should hedge against tomorrow's potential downside.

Earnings are close so I may need to de-risk next week before.

"Be to others the person you needed to meet 10 years ago"

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