Things I Did Today

Avatar photo Doug Kass on July 14, 2026

Here are today’s things:

* Shorted the indices: $SPY at $752.83 and $QQQ at $722.13

* Covered my index shorts for a profit: SPY at $749.63 and QQQ at $717.82

* Shorted $GRNY at $27.86 and $JOET at $45.83

* Shorted $JPM at $338.50 and covered it at $327.31

* Reshorted $JPM at $343.78

* Shorted $MS at $230.43

* Added to $MSOS at $4.65, $MSOX at $2.73, $TRLV at $8.85 and $VRND at $6.08

Position: Long MSOS (VL), MSOX (S), TRLV (S), VRND (S); Short GRNY (M), JOET (S), JPM (S), MS (S)

Things I Did Yesterday

Avatar photo Doug Kass on July 10, 2026

Here were yesterday’s things:

* New short position — Bloom Energy ($BE) at $265.39

* New option position — Bought Nvidia ($NVDA) puts

* Reshorted $SPY at $748.88 and $QQQ at $722.58

* Shorted $GRNY at $27.81

* Shorted $JOET at $45.97

* Reshorted Morgan Stanley ($MS) at $223.61 

* Supersized long $MSOS at $4.46

Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)

An Observation on ‘Newsy’ Events

Avatar photo Doug Kass on July 8, 2026

* Trading opportunistically and dispassionately…

Yesterday, among other activity, we added to shorts in $GRNY, $C and $JPM.

I remain bearish.

Today’s ceasefire news will likely provide an opportunity to cover some shorts — something I like to do in a “newsy” backdrop.

I would anticipate reshorting the inevitable rallies than have followed a breakdown in negotitations with Iran.

Position: Short GRNY (L), C (M), JPM (M) 

Morning Trades

Avatar photo Doug Kass on July 7, 2026

In the premarket gaps/markups I shorted more C ($C) $145.01 and JPM ($JPM) $340.44 (both had price targets raised by UBS: C $150, JPM $384). 
Adding to GRNY ($GRNY) and JOET ($JOET) shorts

Buying MSOS ($MSOS) more aggressively. And individual names.

Positions: Long MSOS L; Short GRNY M JOET S C M JPM M