As I shared in my portfolio review video last week, we’re holding six open positions — four bearish and two bullish. I still think that’s the right mix for the moment. We’re in a bear market, after all. Outside of the iShares MSCI Spain ETF (NYSE: EWP) put options, we aren’t seeing our portfolio pay out yet. Four of our six open positions are down, to varying degrees.
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Read MoreI’m writing to explain a non-impactful but potentially confusing event — a “stock split” in shares of Tesla Inc. (Nasdaq: TSLA). I say the event is non-impactful because it won’t change the value of the put options we bought in early July, which, so far, have lost much of their value since shares of the stock have risen since our entry. But stock splits can be confusing. And they affect options contracts on the stock as well. So let me explain what’s going on…
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