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A Time To Hedge

|Includes: CMG, ESS, Direxion Daily Small Cap Bear 3x Shares ETF (TZA)

Since my post on putting on some long exposure we've had a nice little runup. One thing I've been learning is that this truly is a stock-picker's market so one needs to be nimble and willing to take action on a weekly, sometimes daily basis. At this point I would be putting on hedges to protect my recent gains. We've had a nice little run.... I'd raise cash by booking gains or add a short hedge.

Do your own research prior to making any decisions. I own put options on CMG and ESS as well as the TZA (3x inverse ETF). I still hold my longs (KEM and PPD) though I sold out of most, if not all of my others.


Disclosure: I own put options on CMG and ESS as well as the TZA (3x inverse ETF).