Now Medium-Sized SPY Short
At $770.77, I moved to medium-sized short $SPY.
Position: Short SPY (M)
Things I Did Today
Here are today’s things:
* I reshorted the indices: ($SPY) $768.24 and ($QQQ) $721.05.
* Added to Apple ($AAPL) short $345.08.
Positions: Short SPY (M), QQQ (VS), AAPL (M)
Initiated QQQ Short, Added to SPY One
I have initiated a $QQQ short at $720.02 and I have added to my $SPY short at $769.56.
Position: Short SPY (M), QQQ (VS)
More SPY Moves
With S&P cash +42 handles I am shorting more $SPY at $769.23 and I have moved to medium sized.
Positions: Short SPY M
Milwaukee’s Best
The S&P Short Range Oscillator moved a bit more overbought to 0.80% vs. 0.48%.
I traded (very small) $SPY and $QQQ on the short side last night (when S&P futures rose by +15 handles and Nasdaq was +130 handles) and took a very small gain on the cover, as I enjoyed and marveled at the Milwaukee Brewers World Series win in game three.
Position: None
Iran Concerns Weigh on Stocks as Tech Steadies to End a Volatile Week
Brent topped $116 and stocks pulled back on fears of renewed U.S.-Iran hostilities after the midterm elections. For the week, small caps led with the Russell 2000 up 2% while the S&P 500 and Nasdaq slipped.
AI Selloff Gains Steam Hiding Solid Market Action Beneath the Surface
Worries about the sustainability of the AI trade surfaced once again, driving down a swath of related stocks, but other stocks rallied as Treasury yields dropped the most since August 2025, seeing equal-weight vs cap-weight the most extreme since 2024.
Things I Did Today
Here are today’s things:
* I covered all of my $SPY short at $764.96.
* I covered most of my $TSLA at $369.55.
* I added to $GLAS at $2.21, $GTBIF at $6.53 and $MSOS at $4.09.
* I sold more of my $PG long at $165.70.
Position: Long MSOS common (VL) and calls (VS), PG (VS), GLAS (S), GTBIF (S); Short TSLA (VS)
Little Sleep… I Was Active Last Night
* Shorting SPY and Tesla
* I covered all my $SPY short (for a more than +$6 profit) and only one third of my $TSLA short (for a +$15 profit)
After the company’s EPS release I shorted Tesla shares at $394.34:
Taking a Small Short in Tesla
After a quick look at the EPS release (revenues in line) I am taking a small trading short rental in Tesla (TSLA) at $394.34.
This is a low conviction trade.
Position: Short TSLA (S)
BY Doug Kass · Oct 21, 2026, 4:12 PM EDT
I covered one third of the short position for a +$15 profit:
My Comment of the Day (Part Deux)
Dougie Kass
I have a quick $15 profit in my short of Tesla and I am taking off one third of the position.
Position: Short TSLA (S)
BY Doug Kass · Oct 21, 2026, 5:58 PM EDT
The shares are trading in the premarket under $370. Though I have more than a +$24/share gain I am sticking with the balance of my short position.
More later.
Position: Short TSLA (S)