Shorted XRT Calls

I have shorted the April 38 XRT (the retail ETF) calls as we approach the top of the range. This is more of a hedge to my longs than an outright short. Sentiment still seems too bearish to me but I don't want to press my luck too much on the long side.

4 comments:

Anonymous said...

BKX is down with the market rising?
I think the market can be shorted here.

PJ said...

Very funny market ... Emerging market banks up 10%, US banks down, dollar up, gold down, Russell 2000 up 2%?

Not sure what's going on.

Tsachy Mishal said...

Im chalking it up to the first of the month. US banks look like they were marked up for end of the month.

Tsachy Mishal said...

Funny that everyone is touting M&A as the reason the market is up. Yet the sector where the M&A occurred, healthcare, is not keeping pace with the market.