Now with my long hedge still in place, I'm effectively long the market, thus I need to reduce my long exposure by selling off my long calls currently in inventory.
Let's just see, another offer sitting at 835.25 and 840.25. Let's hope they make it up there. :) I'm also semi-hedged with options from yesterday's RTH session, so unless we hit 902 today, I should be fine.
It happens to the best of us. Nothing new under the sun when powerful market moving news are injected into the free markets. My suggestions is never get married to your opinions. The market will always remind us of who is really in control.
Example; I had a strong feeling that Monday's...