The Positions: Short-Term Bullish, Long-Term Bearish
Tim Knight | Jun 20, 2021 01:20AM ET
OK, I’ve been quite busy with buys ‘n’ sells over the past 48 hours, but the dust has settled. In a nutshell, I am bullish short-term and bearish long-term. I have a ton of cash undeployed, but here are my live positions now:
- Micron (NASDAQ:MU) bearish via Sep $80 puts
Semiconductors—VanEck Vectors Semiconductor ETF (NASDAQ:SMH) bearish via Aug. $250 puts
Brazil—iShares MSCI Brazil ETF (NYSE:EWZ) bearish via Sept. $43 puts
Consumer Discretionary Select Sector SPDR® Fund (NYSE:XLY) bearish via Sept. $175 puts - Precious Metals Miners—GDX (NYSE:GDX) bullish via June 25 $34 calls
Materials Select Sector SPDR® Fund (NYSE:XLB) bullish via July $80 calls
NO CRYPTO POSITIONS AT ALL! (Got scared, thank God)
As for that very short term (just one week to go!) call position on GDX, here’s the chart:
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