but the advantage is that you only pay it once, and then you can lend out at 4% a year. that said I bought some futures and sold some BZF, I'm going to try to compare these too
Markets tanking and 10Y ripping. Never got my adds on IVV in, was hoping to add today on a morning rally at $194-$195 SPY, risk-reward would have been huge there. Still got 2/5 IVV and 10% on 10y UST
I added a bit on 194.30s but im still being cautius here. funny thing is, I tried to long the market as a day trade for like 1 hour after the open. it just couldn't rally. when I threw the towel, it rose for like 5 hours straight. everything looks much easier from the outside
Went short the MiniSPX @ 1960, stop @ 1975. Sold some of the BR2037 (@100) that I bought last week @93...
It seems today is not an average day... http://quantifiableedges.com/what-reversals-like-spy-had-on-friday-have-often-led-to-the-next-day/
It feels like a short squeeze to me. Both from the shorts (who got too bearish at lower levels) and the longs who are underweight equities and are afraid of missing a recovery. They all chased it up
I'm shorting Dec and Jan Fed futures. The idea is that if I get squeezed on stocks, then I will have a offseting gains on the futures as the stabilization of the markets leads the fed to hike in December