EEM
As most of you know I have a short position in EEM and was looking to add on this pullback near the 50% mark which I spoke about a few days ago. I had orders to short but just missed getting filled by only a few tics! How frustrating is that??? EEM had a nice sell off today and I still have my original short position so it's not that upsetting, but it would have been nice to have added up there today. Do you think somebody read this blog a few days ago and jumped ahead of my order? (wink)
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2 comments:
Kevin, assuming someone did short (wink) the EEM (sold naked Feb 110 call) a little short of the retracement you described, what would be your downside target. Would playing it out for a month on the option premium time erosion makes sense?
My downside target is the 100 area and I think this trade will take at least 4 weeks.
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