Sunday new-thread ping!
Anybody buying the dips? I’m watching and waiting myself. Sticking with my cores in PMs mostly.
Given that we've just gone into the first big week of earnings season, some companies had better show real good quarters. You'll note, Pete, that numerous of the "mo-mo" darling stocks have already had the snot beat out of them over the past 3 weeks.
Well, 2 of those, GOOG(L) and CMG report this week and, candidly, if I had to have a position (other than arbitrage, naturally) I had much rather be short these two than long, for the near term (at minimum).
This is the time, if ever there was, for the paired vertical call/vertical put trade. However, only put this on on the day before earnings are reported, and ideally with just an hour or so remaining in the day session.
Good trading to all!