Gotta love these dips.....until you don't of course. (see chart at the bottom)
Updated Portfolio risk temperature:
"Everyone is data-dependent until the data doesn't support the narrative.."
7/8: Grabbed T for the div and added BX to the "own shares" category:
7/9: Rolled the UVXY out and down, sold the T Puts and the HD Puts on the opening dip, then evened out the BX calls on the rebound in the afternoon, aka the "what's going to happen......." panic ramp.
Ahhhh, the 8th wonder of the world, Portfolio Margin.
Thinking about adding PG next as it is going exdiv this month. I mean PG? WTF. Am I that old?
As soon as I have all 20 positions I'll only have 5% in each one, which ought to be enough diversification to not rock the boat too much if things get messy.
Disclosure: I am/we are long UVXY, O, T, MO, HD, WPC, NLY, UPS, BX.