Shorting PHM @ $29.45
2% position
Rather than add to our ITB (homebuilders) short we decided to short one of the components - Pulte Group. Pulte builds across the spectrum of price and size.
We trade ETFs in 5% chunks - and adding 5% to the trade feels a bit heavy-handed.
The other homebuilders will be the next shorts if and as we add to the position. LEN, TOL, DHI, KBH, and more.
2% position
Rather than add to our ITB (homebuilders) short we decided to short one of the components - Pulte Group. Pulte builds across the spectrum of price and size.
We trade ETFs in 5% chunks - and adding 5% to the trade feels a bit heavy-handed.
The other homebuilders will be the next shorts if and as we add to the position. LEN, TOL, DHI, KBH, and more.
Comments
Post a Comment