IvanLabrie

IBB: Go long, hedge or not

Long
IvanLabrie Mis à jour   
NASDAQ:IBB   iShares Biotechnology ETF
Same theme as SPY, we have an excellent long opportunity here. I like the VIX and pseudo-VIX activity today (USDMXN if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD position, or IBB puts at $255, Dec 16 expiration.

Good luck!

Ivan Labrie.
Commentaire:
Good progress on longs, back in profit.
Commentaire:
Conservative traders are in the money now.
Commentaire:
I didn't get any love for this one haha...anyone in?
Trade fermée manuellement:
I'm out.
Commentaire:
I'm looking to reenter, within 3 days or sooner. The pullback is giving a fantastic opportunity to buy back with a hefty position.
Transaction en cours:
Got back in today. -I also shorted NVDA-

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