We finally have a relief rally, that will allow me to rebalance my portfolio.
I have been shorting september OTM put options on US equities yesterday, guessing that we'd have a short term rally. Those positions are already up 50% overnight.
I've also opened some long positions before the US markets opened today, in order to hedge my portfolio which was highly leveraged bearish. So I have a few hedges in place, long the ES and have bought some shares of a France company which I found particularly attractive given that it's now trading well below the lows of Oct 2008 and March 2009. Already 4% up in a matter of hours.
On the short side, I have opened in the past two weeks positions on Wells Fargo and Australian Banks. Currently nicely in the money.