Buying Puts

There is insane call buying wherever I look. I purchased SPY Puts and am very tightly hedged. I would get more aggressive but the market will not be maximum  overbought until the end of the day on Monday. I want to save the bulk of my powder in case we are able to rally until then.

1 comment:

Onlooker said...

Yikes! That ISEE Equity only number is insane - 539. If I remember correctly it "only" got into the 400s intraday back in April, which was bad enough. These people are nuts.