3M Was Better, But Short Honeywell Again

On February 11: Short Honeywell

3M's chart is weaker, but Honeywell has been underperforming. Both are correlated though, and both are in the Dow. The market is pricing MMM options as if it is the more volatile stock though. Looks like a potential winner if you're looking for a downside move in the indexes.

I closed out the trade the same day because the market tanked and I had a 100-percent profit amid fake Russian invasion news.

Today, 3M gapped lower. Honeywell looks like it is perched above the abyss. I'm buying puts on Honeywell again.