Upon the opening bell; we prefer to wait until 8:00 AM (PST to determine exactly what our position ought to be regarding the “Erstwhile Portfolio”.
(If our model was automated with an logarithmic algorithm, it would re-balance according to our default options – thus adjusting the portfolio to a robust investment.)
Based on the “reality” of the current market performance (BEARISH), we revised the portfolio.
MARKET PERFORMANCE JULY 21
RE-BALANCED ERSTWHILE PORTFOLIO
We closed out EDR, BMY and EOX. We didn’t enter a Long Put on BMY because the Implied Volatility is 22.09%. However, we have an alert set at the 49 strike for a limit order entry. The Bid/Ask spread is $0.06 cents.
(DISCLAIMER: THIS IS STRICTLY FOR EDUCATIONAL PURPOSES. WE MAKE NO RECOMMENDATIONS FOR TRADING THESE POSTED EQUITIES NOR ARE PROMOTING ANY BROKERAGES OR FINANCIAL SERVICES. THUS THIS NOTICE RELIEVES US FROM ANY LIABILITY ON THE PART OF THE READER’S DECISIONS TO TRADE AND OR INVEST IN THE POSTED EQUITIES.)