Things I Did Yesterday (And This Week)

* Most importantly, after three down days in a row, I covered my medium-sized SPY short yesterday afternoon …

* I covered my short $SPY into the teeth of yesterday’s decline. 

From The Comments Section:

Dougie

With s and p cash -50 handles i am shorting october monthly puts against my short calls.

I also covered some of my short spy calls.

Essentially on the short oct puts i am taking in premium and locking in some profits from the drop in the indices over the last week.

I plan to reshort strength/rally…

* I added to my $MSOS common and calls.

* I reshorted Coreweave ($CRWV) at $99.34 (New)

* I shorted $ARKK at $86.12. (New)

* I added to $CVNA short.

* I covered most of my $GRNY and $JOET shorts.

* Bought back $GLD at $397.01

Position: Long MSOS common (VL) and calls (M), GLD (S); Short SPY calls and puts (M), CVNA common (VS) and puts (VS), CRWV (S), GRNY (VS), JOET (VS)

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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