Markets have reached an oversold level below 2 SDs of its mean on relatively high volume today. This typically translates to a high probability of a reversal higher, while keeping in mind the larger bearish trend of the market. We are using this opportunity to take profit on our short positions and look for opportunities to continue entering both long and short positions.
- NKE – 59% Gain: Long Jan 25 ’19 65/73 Put Vertical @ $3.74
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