The sentiment of the market has turned more bullish. But if I were playing into the options world I might buy a long straddle at the current price. But it is not possible with SSO and SDS. The best I can do is to stay in Cash and wait for more clear opportunity.
In a bear market, usually selling on news。 But always keep an eye on reversal, therefore, I don't play short if it's not clear that bears are in control. Optionwise, I still stick to my strict OTM put selling for oil and dividend backed Dow companies. My return for this year so far is about 15%.
ReplyDeleteBy the way, it's me. I just accidentally used Ellan's account.
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