The Shorter's Thread / Put buyers welcome too!

Energyi

I have closed out my SPX and NAS positions on yerterday's drop as I expected a quick correction before the new year bounce next week, but MER looks very weak and after my last trade on it from $61 to $58.5, I have waited for a correction back up to reshort and I am adding in as I think stocks will top out before the indicies and hence my play on MER today. I have only used 5% of my PUT buying capital today and am holding out the rest for next tuesday as I think we may get a high vol top on monday with a possible low volume top on tuesday. Lets see, either way, I am ready and waiting and am not looking to enter too early.

Have a great new year celebration and hopefully I will catch up with you early in the new year.

Best
KVU