Well... of all things China props up. Why? Who knows. Asia pretty much was down 5% and it pops here in the U.S. To be honest, the thing didnt move much yesterday either. But a big move DOES awaits us.
I didnt buy on this puts dip. I am content with my positions. My hedge calls tho may be a little out of reach at these levels. Patience is required today.
Oil and retail report tomorrow. Thus, i have no choice but to hold on to my FXI puts, tho i am considering lightening on the position. In the end FXI requires a crash/bull rush to get moving... Its the waiting game again...
(UPDATE: less than 1/2 hour later... bam market down.)
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