Trade Alert – More insurance, hedging and some call options too

$Copper is absolutely crashing. Disparate markets around the world dislocating. Not bullish for stocks near-term, methinks.

Meanwhlie, $GOLD is spiking again.

Things could get ugly. Be careful out there, stocks ain’t cheap, markets are straight up and dislocating and it’s been a HUGE rally over the last five years. Just sayin’.

Here’s what I’m doing. I’m buying puts on the $XRT as a potential short. This is more insurance and hedging. I do think the bigbox retail and consumer economy are in SECULAR DECLINE, although I’m concerned that the consumer is in a CYCLICAL UPSWING, and perhaps accelerating for the next couple quarters. At any rate, I’m buying the April and May XRT puts with strikes around $80.

I’ve also sold 90% of my $PLUG and $BLDP put options, locking in gains of 200-300% by the time that stock was done crashing yesterday. Holding the rest as I think there’s still downside over the next few days or weeks.

I’m also going to short a few shares of $P again, re-entering this position at about the levels I’d covered it at for a loss on the last go round, as that stock looks like it’s finally broken. First tranche, maybe about 1/3 as big as I’d like to make it.

Meanwhile, I’m going to buy some $AAPL call options here, as it looks ready to head higher as a safe haven stock if the momentum money flees the highflyers and is likely got upside along with a continued broader stock market rally if I’m wrong about buying the above mentioned insurance via puts. I am buying the July $550 AAPL call options.

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