We sold our short leveraged ETF's and moved the profits into index put options that are out of the money. This move accomplishes:
1. Limits our risk to a pre-defined amount no matter what happens.
2. Unlocks significant amounts of capital for trading opportunities.
3. Allow us to play out our strong conviction.
4. Avoids market churning and whip-saw action.
5. Allows for a significant increase in potential reward if our trade is correct by a factor of 8 times.
6. Allows us to enjoy spring and play golf without following the markets. We are that confident this trade will payoff.
It's Master's Weekend!
