Unbelievably, the markets are screaming higher.
I’m just not sure how long this can last. The bulls have completely lost their minds, thinking all is okay. But it’s not.
It’s a wait and see right now.
For the time being, let’s take more gains off the table.
Sell to close the second half of the RIG May 18 put. This paid off faster than expected.
Sell to close the VXX March 31 put, and exit the XIV stock trade.
Ian L. Cooper
Inside Value Trader