Carvana Co Stock (CVNA)

Here are today’s things: * I covered most of my Index shorts: $SPY $766.95 $QQQ 736.75 * I covered my relatively large $GRNY short at $28.02 and eliminated a small $JOET short at $45.14 . * With $CVNA down by -$5 I sold my CVNA puts. I remain short common. * I added to long …

One of my core investment shorts, Carvana ($CVNA), continues to struggle today (-$5). I have sold my puts but I am keeping my common short. Position: Short CVNA (S)

* 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 …

I’m buying Carvana ($CVNA) puts for September and October. Position: Short SPY common (VS), puts (S)

On Carvana ($CVNA) (which we remain short of): Position: Short CVNA (S)