Volitility is back!

Interesting market... I just bought Jan 45 calls on CYMI. It is near its 200-day MA, and against what might be the beginning of a Head and Shoulders top. I'll play the right shoulder up to 47.5 or so. If it dips below its 200-day, I'll sell at a loss. Bought puts on ADM, UNP, and MEE.

I split my bet because, while I think the intermediate term is bearish, there is still a bit of a bull left, not much mind you, and I thought I'd play out the volitility while the bearish patterns complete their last upleg. I bought puts because, well, I'm bearish, and all those stocks have topped and are butting up against resistance.

Very likely that one or two will go sour, so keep your risk controls tight, and let the good ones ride a little.

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