A Giant Bet Against Natural Gas Is Blowing Up

[Overnight]

I look at them like betting on Trump to win in Nov. The odds make it profitable enough that it's somewhat of a consolation if it happens, but most definitely NOT what I want to happen.

Hrmmm, confused...You have bought puts from now and expiring in December in QQQ, so you expect the markets to fall by then. But if Trump wins in November, won't the markets like that?

Everyone is thinking the markets will tank if Biden gets the win. So wouldn't you want the Biden win so your puts expire into profit?

 

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Hrmmm, confused...You have bought puts from now and expiring in December in QQQ, so you expect the markets to fall by then. But if Trump wins in November, won't the markets like that?

Everyone is thinking the markets will tank if Biden gets the win. So wouldn't you want the Biden win so your puts expire into profit?

I was trying to make an unrelated analogy but I now see it is pretty tied into the puts themselves. I have this thing where if the odds are good I place a bet against the thing I want to happen so that I at least get a consolation prize if I lose. I don't want the markets to tank by Dec, it would be far better from me personally and more importantly most Americans if it didn't. But if it does at least I will have made some money on those QQQ puts. Just like I don't want Trump to win in Nov, but if I place a bet on him winning at least I'll be able to buy a case of whiskey with my winnings to help me forget it happened for a while.