Good read below: Update from Jim Rickards
http://us10.campaign-archive2.com/?u=bab7d5ebc117a80098fe99529&id=ce073921d4
Fed Fischer just gave a speech at 1PM citing that “We may be seeing the first stirrings of higher inflastion,” the immediate short-squeeze ended and everything reversed. Let’s hope this is the start to the much needed pull-back. Patiently waiting.
I saw a bearish butterfly alternative on our Skype group today from Ron Bertino:
SELL -10 VERTICAL RUT 100 JUN 16 880/840 PUT @2.00 LMT CBOE
BUY +10 VERTICAL RUT 100 JUN 16 980/960 PUT @2.90 LMT CBOE
I liked the risk profile so I put a tranche on:
I have to take the over-bought levels as an opportunity though my other trades suffer. This adds theta and its got a June expiry so it gives us some good room to the upside.
