Here are today’s things:
* Shorted indices:
$SPY $765.03
$QQQ $716.23
* Added to short SPY calls (October monthlies)
* Added to $GLD at $398.84
* Added to $MSOS common at $4.85.
Position: Long MSOS common (VL), calls (S), GLD (S); Short SPY common (VS), calls (M), puts (S), QQQ common (VS)
* 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 $397.01
Position: Long MSOS common (VL) and calls (M), GLD (S); Short SPY calls and puts (M), CVNA common (VS) and puts (VS), CRWV (S), GRNY (VS), JOET (VS)
After the big non farm payroll print I feel better about having sold my gold long yesterday ($GLD) is now -$9 from my sale):
Here are today’s things:
* I sold my ($GLD) long at $411.65.
BY Doug Kass · Sep 3, 2026, 3:55 PM EDT
And I feel better about my SPY shorts yesterday and today:
* At 5:05 a.m….
I added to my large (SPY) short at $773.88.
Positions: Short SPY common L and calls S
BY Doug Kass · Sep 4, 2026, 7:45 AM EDT
Short SPY common L and calls S
Traders reacted to the oversold conditions and, most likely, the Magnificent Seven.
Here are today’s things:
* I shorted more $SPY at $770.05 and SPY calls.
* I reshorted $CRM at $263.66 and $JPM at $360.35.
* I shorted $SNOW at $377.51 and covered at $368.01.
* I sold my $GLD long at $411.65.
Position: Short SPY common (L), calls (S), CRM (S), JPM (S)
I just sold the balance of my ($GLD) at $411.65.
GLD traded as low as $395 yesterday (we added) and is now $9 on the day and +$16 from Wednesday morning.
So, for now I am treating GLD as a trading sardine and, at the appropriate price, it will be a foundational part of the portfolio to take advantage of the secular and continued US currency depreciation
Positions: None
Nice move off yesterday’s bottom for gold/GLD.
We added $GLD at around $395 on Wednesday morning — now trading at $407!
Position: Long GLD (S)
Shorted more ($SPY) at $764.01 – moved to small sized.
Reduced further ($GLD) at $403.12 (too much of a move, too soon). Will add $398-$400.
Positions: Long GLD S; Short SPY S
Sold a portion of my ($GLD) (+$3.55 after being lower earlier, where we added two hours ago) at $400.40.
Back to small sized but I will add back on weakness.
Position: Long GLD small.
