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Bought May 17 ITW Puts on ITW, CSX and AXP. All solid companies.
ITW is a general Q1 wasn't all that great with weakness in auto and China...though I doubt they'd adjust forecast this early. It's a general industrials are overdone.
CSX is a quick review of rail traffic never really gaining traction to pre 2016 levels, not even close. The share price, however, has rebounded 200% since then. This would probably be better suited as a short position.
AXP crashes when it falls and it looks stalled on declining share volumes.
Well GL. Going to be a big move one way after earnings are out. I am heading out for Spring Break vacation. Just holding $BA now and trying to not trade too much for rest of the week. Hoping for some discounts by end of next week.
Thanks man and have a good vacation. Taking my family to Japan next week during spring break so I plan to be flat ahead of that as well. I suppose I can trade for an hour or two since the US markets open at 10:30PM in Japan but I'll try and not to.
Long: NFLX (may hedge this today ahead of earnings), TWLO
Location: Was Midvalley Oregon; Now Eastside Seattle area
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Sold 2/3 holding of $QID. ~negative12% . In early 2018, I was bearish for US equity and lost a real big bunch I am trying to be more careful this time.
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