Andy Constan 5.0 30 ideas

Founder, Damped Spring Advisors
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Per mention Per thesis
ⓘ First mention per (ticker, direction)
Layout Default A B C D
QQQ
Invesco QQQ Trust
Short the tech sector via QQQ as a directional bet against current tech valuations or momentum.
Macro  · Apr 24 · TWITTER
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SHORT MED
CAR
Avis Budget Group, Inc.
Short CAR as the gamma squeeze is ending, with the company expected to fill demand, leading to a price decline. The author is maintaining a short position despite being underwater.
Consumer  · Apr 22 · TWITTER
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SHORT MED
USO
United States Oil Fund
Short December crude oil futures to hedge against a potential cratering in the oil market that would render existing put options worthless.
Energy  · Apr 14 · TWITTER
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SHORT MED
IGV
iShares Expanded Tech-Software Sector ETF
Buy the dip in software stocks following a sharp morning selloff, capitalizing on intraday weakness despite unusual price action.
AI/Semi  · Apr 14 · TWITTER
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LONG MED
STRC
Starry Group Holdings, Inc.
Buy STRC to capture the upcoming dividend, as historical price action shows the ex-dividend drop is quickly recovered, creating an arbitrage-like opportunity.
Other  · Apr 13 · TWITTER
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LONG HIGH
SMH
VanEck Semiconductor ETF
Initiating the short leg of a semiconductor/software spread trade, shorting SMH while waiting for leveraged fund liquidations in IGV to finish before eventually going long software.
AI/Semi  · Apr 10 · TWITTER
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SHORT HIGH
VIX
CBOE Volatility Index
The author is actively shorting VIX futures from what they perceive as a high, with a defined risk of a 20-point move against them.
Macro  · Apr 07 · TWITTER
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SHORT HIGH
VXX
iPath Series B S&P 500 VIX Short-Term Futures ETN
Short VIX futures expecting implied volatility to decline due to geopolitical de-escalation (Iran-France prisoner exchange deal).
Macro  · Apr 07 · TWITTER
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SHORT MED
USO
United States Oil Fund
The author has initiated a half-sized maximum long position in December crude oil futures from an entry of $70.82.
Energy  · Apr 03 · TWITTER
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LONG HIGH
ALLW
SSGA Active Trust State Street Bridgewater All Weather ETF
Moderately leveraged risk parity offers superior risk-adjusted returns compared to equity-only portfolios and can be efficiently implemented using the ALLW ETF.
Macro  · Mar 24 · TWITTER
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LONG MED
TLT
iShares 20+ Year Treasury Bond ETF
The author is positioned for a Fed rate cut, which would be bullish for bonds, based on the political expectation that a new Fed chair would receive a "gesture" cut upon confirmation.
Macro  · Mar 18 · TWITTER
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LONG MED
VEA
Vanguard FTSE Developed Markets ETF
@TeacherxTrader Not much difference at the high level. I use VEA 🤷‍♂️
Macro  · Mar 04 · TWITTER
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LONG
GLD
SPDR Gold Shares
The author is bullish on gold as a hard asset, believing that policymakers will not reverse inflationary "debt wealth transfer" policies, thus devaluing fiat currency.
Macro  · Feb 25 · TWITTER
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LONG MED
SPY
SPDR S&P 500 ETF Trust
The author recommends a permanent long allocation to broad market equities ("beta") based on the thesis that policymakers are committed to a path that supports asset prices.
Macro  · Feb 25 · TWITTER
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LONG MED
BTC
Bitcoin
The author expresses a willingness to buy Bitcoin at current levels, showing conviction despite being at a loss on their existing position.
Crypto  · Feb 24 · TWITTER
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LONG MED
VXUS
Vanguard Total International Stock ETF
The author favors Rest of World (ROW) assets over US assets, stating their own positioning is based on the belief that a 60/40 portfolio is superior outside the US.
Macro  · Feb 24 · TWITTER
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LONG MED
SPY
SPDR S&P 500 ETF Trust
The author is avoiding/underweight US stocks based on a relative value view that a 60/40 portfolio offers a better risk/reward profile in the Rest of World (ROW).
Macro  · Feb 24 · TWITTER
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SHORT MED
TLT
iShares 20+ Year Treasury Bond ETF
The author argues that in an accelerating economy, the correct portfolio action is to sell bonds, stating they personally hold no US notes or bonds.
Macro  · Feb 24 · TWITTER
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SHORT HIGH
UUP
Invesco DB US Dollar Index Bullish Fund
The author has a secular view that the US Dollar will underperform against a basket of Rest of World (ROW) currencies.
Macro  · Feb 22 · TWITTER
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SHORT HIGH
GOOG
Alphabet Inc. (Class C)
The new Google bond offering is attractively priced ("a steal") relative to its existing bonds on the curve, presenting a buying opportunity.
AI/Semi  · Feb 09 · TWITTER
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LONG HIGH
MSTR
MicroStrategy Incorporated
1. THE FACT: The user is "selling at 1.06MNAV like a boss." 2. THE BRIDGE: This indicates a belief that MSTR's Net Asset Value (NAV) is at a level where selling is advantageous, implying a potential overvaluation or a belief that the price will decline. 3. THE VERDICT: Selling MSTR at its current NAV suggests a short position.
Crypto  · Jan 20 · TWITTER
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SHORT
IBIT
iShares Bitcoin Trust
1. THE FACT: @dampedspring mentioned "tax loss harvesting and bid the close on 12/31." They then stated "$MTPLF trading at 1.36 MNAV and $MSTR expanding MNAV to 1.06 and $IBIT looking incredible as a long digital gold catch up to gold silver." 2. THE BRIDGE: The mention of tax loss harvesting suggests a previous selling pressure that might now be alleviated. The specific valuations (MTPLF at 1.36 MNAV, MSTR expanding MNAV to 1.06) and IBIT being described as "incredible as a long digital gold catch up to gold silver" indicate a bullish view on these digital asset-related equities/ETFs. 3. THE VERDICT: Long MTPLF, MSTR, and IBIT as digital gold plays, potentially benefiting from post-tax loss harvesting dynamics and strong relative valuations.
Crypto  · Jan 14 · TWITTER
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LONG
SMH
VanEck Semiconductor ETF
1. THE FACT: "Nice breakout in $SMH." The speaker calls this a "mook." 2. THE BRIDGE: A "breakout" is a technical indicator often signaling upward momentum. 3. THE VERDICT: Long SMH due to a technical breakout.
AI/Semi  · Jan 05 · TWITTER
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LONG
Positions
TickerDirEntryP&LDate
QQQ SHORT $658.06 Apr 24
CAR SHORT $637.72 Apr 22
USO SHORT 124.08 JPY Apr 14
IGV LONG 79.95 EUR Apr 14
STRC LONG $100.01 Apr 13
SMH SHORT $439.00 Apr 10
VIX SHORT $33.86 Apr 07
VXX SHORT $35.03 Apr 07
USO LONG 137.92 JPY Apr 03
ALLW LONG $28.00 Mar 24
TLT LONG $87.79 Mar 18
VEA LONG $67.38 Mar 04
GLD LONG $473.42 Feb 25
SPY LONG $693.15 Feb 25
BTC LONG $64058.15 Feb 24
VXUS LONG $83.42 Feb 24
SPY SHORT $687.35 Feb 24
TLT SHORT $89.90 Feb 24
UUP SHORT $27.09 Feb 22
GOOG LONG $323.59 Feb 09
MSTR SHORT $164.04 Jan 20
IBIT LONG $53.89 Jan 14
SMH LONG $379.78 Jan 05
Best and worst calls
Best calls
WTI LONG +44.3%
Andy Constan (@dampedspring) Direction was mixed but the trade was clearly long CL and VIX futures Andy Constan (@dampe...
Mar 05
MSTR SHORT +21.1%
1. THE FACT: The user is "selling at 1.06MNAV like a boss." 2. THE BRIDGE: This indicates a belief that MSTR's Net Asset...
Jan 20
VIX LONG +16.6%
The author is taking a tactical long position in volatility (VIX futures), likely as a short-term hedge or speculation, ...
Feb 23
Worst calls
IBIT LONG -27.7%
1. THE FACT: @dampedspring mentioned "tax loss harvesting and bid the close on 12/31." They then stated "$MTPLF trading ...
Jan 14
GLD LONG -12.4%
The author is bullish on gold as a hard asset, believing that policymakers will not reverse inflationary "debt wealth tr...
Feb 25
VXUS LONG -9.9%
The author favors Rest of World (ROW) assets over US assets, stating their own positioning is based on the belief that a...
Feb 24
Short SPX over the next 2-6 months as a preferred bearish bet relative to other developed market indices, with SOXX overextension dismissed as a day-trading noise.
SPX HIGH Apr 24, 14:51
"I prefer to be short SPX vs being short dm equity indices."
𝕏 @dampedspring ⏲ medium-term Source ↗
April 24, 2026 at 14:51
𝕏 @dampedspring
Founder, Damped Spring Advisors
Short the tech sector via QQQ as a directional bet against current tech valuations or momentum.
QQQ MED Apr 24, 14:46
"I want to be short tech here."
𝕏 @dampedspring ⏲ short-term Source ↗
April 24, 2026 at 14:46
𝕏 @dampedspring
Founder, Damped Spring Advisors
Short CAR as the gamma squeeze is ending, with the company expected to fill demand, leading to a price decline. The author is maintaining a short position despite being underwater.
CAR HIGH Apr 22, 16:39
"I'm still underwater on my Degen short from Monday."
𝕏 @dampedspring ⏲ short-term Source ↗
April 22, 2026 at 16:39
𝕏 @dampedspring
Short December crude oil futures to hedge against a potential cratering in the oil market that would render existing put options worthless.
USO HIGH Apr 14, 20:54
"I also shorted CLZ6 today because a cratering oil market in December crude would make my puts expire worthless"
𝕏 @dampedspring ⏲ medium-term Source ↗
April 14, 2026 at 20:54
𝕏 @dampedspring
Buy STRC to capture the upcoming dividend, as historical price action shows the ex-dividend drop is quickly recovered, creating an arbitrage-like opportunity.
STRC HIGH Apr 13, 21:59
"Last month the ex dividend date immediately recaptured 50% of the dividend. Literally free money."
𝕏 @dampedspring ⏲ short-term Source ↗
April 13, 2026 at 21:59
𝕏 @dampedspring
Starting 25bp AUM spread trade — legging short SMH first; eventual plan to go long IGV once dip stabilizes.
IGV MED Apr 10, 14:43
"Short $SMH to eventually go long $IGV"
𝕏 @dampedspring Source ↗
April 10, 2026 at 14:43
𝕏 @dampedspring
Initiating the short leg of a semiconductor/software spread trade, shorting SMH while waiting for leveraged fund liquidations in IGV to finish before eventually going long software.
SMH HIGH Apr 10, 14:43
"Just started a 25bp of AUM spread trade by legging one side of the trade. [...] Short $SMH to eventually go long $IGV"
𝕏 @dampedspring ⏲ medium-term Source ↗
April 10, 2026 at 14:43
𝕏 @dampedspring
The author is actively shorting VIX futures from what they perceive as a high, with a defined risk of a 20-point move against them.
VIX HIGH Apr 07, 16:37
"Sold a little may vix futures near the high."
𝕏 @dampedspring ⏲ short-term Source ↗
April 07, 2026 at 16:37
𝕏 @dampedspring
Short VIX futures expecting implied volatility to decline due to geopolitical de-escalation (Iran-France prisoner exchange deal).
VXX HIGH Apr 07, 13:52
"I am offering VIX futures as we speak. By far my favorite 'peace' trade."
𝕏 @dampedspring ⏲ short-term Source ↗
April 07, 2026 at 13:52
𝕏 @dampedspring
The author has initiated a half-sized maximum long position in December crude oil futures from an entry of $70.82.
USO HIGH Apr 03, 16:30
"I bought 1/2 max position in Dec at 70.82"
𝕏 @dampedspring ⏲ medium-term Source ↗
April 03, 2026 at 16:30
𝕏 @dampedspring
Moderately leveraged risk parity offers superior risk-adjusted returns compared to equity-only portfolios and can be efficiently implemented using the ALLW ETF.
ALLW HIGH Mar 24, 17:56
"Same risk target moderately leveraged risk parity is far better than equity only and available fairly cheaply via ETF's like $ALLW for all ages"
𝕏 @dampedspring ⏲ long-term Source ↗
March 24, 2026 at 17:56
𝕏 @dampedspring
The author is holding the remainder of a 111/110 put spread on 10-year Treasury futures (ZN) into next week's expiration, expecting further downside to capture additional profit.
ZN HIGH Mar 21, 09:10
"I hope to make another 2% of AUM next week."
𝕏 @dampedspring ⏲ short-term Source ↗
March 21, 2026 at 09:10
𝕏 @dampedspring
The author is positioned for a Fed rate cut, which would be bullish for bonds, based on the political expectation that a new Fed chair would receive a "gesture" cut upon confirmation.
TLT MED Mar 18, 12:22
"I'm leaning in my positioning for Warsh to get a cut in his first meeting as a respectful gesture by the committee."
𝕏 @dampedspring ⏲ medium-term Source ↗
March 18, 2026 at 12:22
𝕏 @dampedspring
Andy Constan (@dampedspring) Direction was mixed but the trade was clearly long CL and VIX futures Andy Constan (@dampedspring) Given short term that long CL & VIX futures = Short stocks Which do
WTI Mar 05, 17:59
𝕏 @dampedspring Source ↗
March 05, 2026 at 17:59
𝕏 @dampedspring
The author is bullish on gold as a hard asset, believing that policymakers will not reverse inflationary "debt wealth transfer" policies, thus devaluing fiat currency.
GLD MED Feb 25, 18:10
"TBH the BULL CASE for gold, stocks and NGDP are because no one with any power at all is in any way willing to reverse this train!."
𝕏 @dampedspring ⏲ long-term Source ↗
February 25, 2026 at 18:10
𝕏 @dampedspring
Andy Constan (Founder, Damped Spring Advisors) | 30 trade ideas tracked | SPY, MSTR, TLT, BTC, USO | Twitter | Buzzberg