Close UXX8 (Nov18 future on VIX)
We are now long put VIX naked Proba of hard brexit is 20% not 50%. We will re-buy vol tomorrow afternoon
Short Macys(M US) & take profit
at the open, at the close,
Buy wti Oil (and stopped)
At the gathering in Abu Dhabi, Saudi Arabia, Russia and other oil-producing nations are set to debate output cuts for next year of as much as 1 million barrels a day, according to OPEC officials. Oil…
Short Repsol
This trade goes against our recent contrarian long in crude oil. Repsol earnings momentum has decelerated, while the share price has outperformed its peers and the market. Its valuation is not cheap anymore. We add the…
short ESZ8
Since our purchase last week, the S&P500 has rebounded by 150 points. Following our pattern (2016 and feb2018), the upside should be limited: we sell half here and another half at 2850.
Short Defensives
We are shorting defensives and the SMI is the proxy for defensives 1- Short SMI for 8600 2- Short XLU for 51 3- short XLP for 53.8