Housewarming party today. Still tons of work to do on our new house but already lots of progress made. Solar system will be installed in 2 weeks. The big Iowa vs. Iowa State game today. Some of the family are Hawks fans and some are Cycs fans. Let's get weird.
Definitely unlucky if your still holding! Ha! Crude short sp500 long was a profitable pairs trade if closed by eod Friday. This is exactly why I don't hold crude shorts trades over the weekend. When oil gives you a profit, take it and walk. Especially true these last few months.
Only 3 positions right now: long ETH, long SLVP and long GDXJ. My crypto holding are up about 10% and it seems like my SLVP and GDXJ could all be up as well from this big Saudi event. We will see. Big anticipation for market open tomorrow.
I put on large long GDXJ and SLVP positions just before close Friday. I must have just gotten lucky with that call. ... actually, this time it was definitely luck. I had a feeling it was going to pop but wasn't expecting it this fast, lol.
When I woke up this morning and saw /CL up +7% I had to laugh to myself. This is one of the most significant interruptions to crude in a long time and anyone that thinks this is going to be over in a couple days is really kidding themselves. Up +7% was an absolute steal today if you bought in that range. Unless all stars align and everything perfectly comes together for oil (it won't), it's going to be hitting 70's and 80's in no time. Did I go long oil this morning? No. I already have a long oil position, it's called precious metals. The oil/pm's correlation which has been near 0 for the last 30 trading days is now skyrocketing. I expect those correlations to stay significant into next year.