I sold AMD 62, Amazon 107 and XOM 81 for next week, I also sold Uber 25.5 and I sold UNG at 21 because I am a Nat gas trader, and I also bought 350 spy January calls sold next Friday 379
There you have it… I’m long, but I know we can still go lower but I feel comfortable here…
High risk long IMHO. I'm short since 9/16 and I think there's a lot more downside as we hit new yearly lows, expecting next week to be a big one 10-15% down on the major indexes.
Next week is going to be a battle of the people reflexively going long because we're at a previous low after a big drop VS people selling due to weekly oscillators such as the MACD turning bear. The long argument makes sense, but so does the short. I like the short more is all.