On this episode of Pardon The Price Action, we're talking about which stocks have been, and are, benefiting the most from higher interest rates.
Insurance stocks are ripping, International equities are outperforming and it's not just Energy commodities that are doing well. We're also seeing the strength in Base Metals and Agriculture.
With many Growth stocks still under pressure, which are some of the best areas to sell short?
All this and more on this week's episode of Pardon The Price Action.
We're putting on an $SMH March 265/270/320/325 Iron Condor for an approximately $2.15 credit.
This means we’re short the 270 puts and 320 calls, while protecting our position $5 away on both sides with long 265 puts and long 325 calls. We’ll be doing the same number of contracts at all four strikes to keep the risk even.
Check out our short video with the thought process behind these trades: