PXD

Putting on hedges for a Russia-Ukraine conflict today (as in NOW)

Putting on hedges for a Russia-Ukraine conflict today (as in NOW)

On Saturday, January 15, in my “Saturday Night Quarterback” post wrote that conflict (a more comprehensive term than “war) between Russia and Ukraine remained a low probability event–but that the probability wasn’t zero and the the odds of conflict had increased in the past month. What’s happened since then? The odds of conflict have climbed

Selling AAPL, FCX, NKTR, PXD, VIX options out of Volatility Portfolio on likelihood of continued downward trend in the market and looming expirations

Selling AAPL, FCX, NKTR, PXD, VIX options out of Volatility Portfolio on likelihood of continued downward trend in the market and looming expirations

In November and December I selectively added risk to my Volatility Portfolio in the expectation of a strong seasonal January Effect Rally and the odds of an end of the year bounce that would, temporarily, disrupt the developing bear market. I thought that was a...