my strategy is mixed right now. after evergrande news hit, i loaded SPY $275 puts, exp 12/31. got 'em at .16
just in case the bottom falls out of stocks.
then i lightened up on some small cap big board tickers, like LMFA, where i had profit, to create lots of cash.
i still have TMC, a battery metals play. beaten down at $3.24 and bouncing at support.
i have calls on MRK and PFE because both now have covid pills, and the FDA meets with MRK 11/30. the government already has a deal in place to buy at least 1.7M doses of of MRK's antiviral. full FDA approval and that's likely to go way up imo.
MRK already has a deal with the UK for their pill, too.
PFE's covid pill had 89% efficacy in trials, much better than MRK's 50%.
i'm just trying to find some bullish areas to go long on in this market, instead of making one big bearish bet.
as far as crypto, i already took lots of SHIB profits at 8. now i'm hoping to see it hit mid 3s, which would be major support. i'll definitely add it there.
and as SHIB rallies off that level, i expect we'll see the majority of low-priced altcoins move up with it.
crypto will likely be a safe haven in this chaotic economy, with continued supply chain issues. especially deflationary tokens. i'm hoping FEG, SVT, will do well, on a relative basis.
large and mid-cap cryptos -- after scaling mostly out of BTC and ETH, i got some ETC, and think it'll lead any altcoin rally.
if china's economic fallout affects US banking, that could help crypto even more. it'll be volatile, but a medium to long-term winner.
this is just where my mind's at -- not financial advice in any way.
AI
