It was as though we were on a slow escalator down.We continued to make low highs throughout the day. Each time there was even the smallest bounce, it was follow up with a lower highs. Long term, we are bullish on this market, though opportunities to sell volatility have typically been few and far between over the last two years.
Each opportunity this market gives us volatility, Astute Strategist is, with conviction, getting long specific equities and short volatility. This week seems to be one of those that tests saying power. We can tell you on thing for sure, any dips in an equity such as AAPL, we will be getting long. Let’s see how things unfold. It seems we could test the lows of February.
Insiders, lets keep our eyes on the prize. If this volatility continues, we could well have found our next stock to buy!