US equities are seeing another sporadic bounce. Now its merely a case of whether we settle marginally net higher or lower. VIX remains elevated in the 18s. USD is +0.5% at 106.54. US 10yr 4.62%
sp’60min
VIX’60min
Summary
On serious consideration, I’ve picked back up the crash position I sold on Monday.
50x SPY Oct’3rd $400 PUTS, $22 a contract (I sold for $28 on Monday)
At least I’ve something… in case we spiral.
If we don’t see a daily close <200dma this Thurs’ or Friday, then that position will likely zero out on Monday. I can live with that.
What I would never be able to forgive myself for, is if we see a mini crash, and I didn’t even trade a contingency block.
So… I’ve one crash block… but nothing else.
If we see a daily close <200dma tomorrow or Friday, I’d consider adding.
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notable stock: MU
Micron has earnings in AH. Good company/products, but the concern should be the s/t broken main market.
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notable weakness: AAPL
Big techs struggling.
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notable Dow component: MSFT
I’d note the 200dma $294s, with yellow gap extending to $274s
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notable energy: OXY
Powerful gains for Occidental, with WTIC printing $94.17.
back at the close…