Starting to see some activity in VIX calls, but they are a fair bit out. Still, a development that is more bearish then bullish.
I discussed over the weekend how badly these market needs a reset, looking at the scoupe histogram. Kinda favoring that a multi day set back could start Tuesday. If the market gaps lower and tries to rally, I could well try and go short into that rally. In that event will be sticking to the indexes rather than individual stocks, for put buying. Will also look at buying leveraged short indexes such as SPXS.
Thanks,
Joe

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