Get into the Zone

Today's loser list: my faves that I recognize (haven't looked at all of these yet) are DHI and SHW. NKE DHR BSX CSX SHW SQ ROST MBLY DHI HZNP ALNY CBRE AEE CHWY PKI AGL OSH G BZ NOV RRC CCCS SOFI IONS BROS AIMC PLTK DQ FL MRVI YOU AMN AFRM MCW GH VRRM LAZR CSIQ VSCO WOOF FTDR MQ

All My Positions

I have short positions of varying size on all of these. In terms of number of options, XLP is by far the largest position. By dollar size, CME, APPL, MCD, SHW are relatively large. If I group together all my energy positions XLE, COP and USO, that would be larger than everything, but some of these are weekly puts that I may take off early next week if crude doesn't dip quickly. XLP puts are cheaper though, and thus I anticipate they could be my largest position at the conclusion.

Update: I forgot to list BITI calls, a short position on BTC.

Put Buying Spree

I have massive OTM puts on all of these. Plan on adding to XLE and XLI. I didn't buy puts on FXI, but included it because it is important for emerging markets. It looks like the same setup as in October 2008. I still have cash left and am looking to add more on one final pop in the market.

How Big Was the 2021 Top?

Salmon Jumping: Materials

Materials is a target rich environment if you buy into the deflation thesis or want to hedge it. Energy is the top pick, but some of these stocks are boring sleepers that aren't heavily traded. That makes for illiquid options, but also sometimes underpriced options. Some of the options in the materials sector are dirt cheap if you assume deflation. I skipped any chart that didn't look toppy, but the top-10 are almost all ugly. Newmont is included, even though I have calls, because it could be cut in half in a deflationary panic. Note that I expect Newmont would outperform most commodities stocks in this scenario. Purple line on IFF is a regression line for the whole chart. Individual targets after the jump.

Friday Screen

This one is at least double volume on Friday and down at least 5 percent. Some of these may be dip buying candidates suffering from capitulation selling. Or in the case of Netflix, it rose on Friday. SAM was also on this screen, but that chart is the prior post. Only a few of these pique my interest. Blacrock stood out, as did the fact that several retailers are on the list.