Hedge against a market pull back

October 26, 2020 - 8:48 am

Next week will be dramatic with the election and we don't see much good news pushing the market higher in the short-term. Markets will be uncertain about the future with a Biden win or a Trump second term, and because of this vacuum the current pull back from a double top could continue.

We bought the December 2020 $330 Puts on SPY for $11.40.

We also bought the December $110 Puts on XLK for $3.95.