Global Macro Trading Journal

Quote from flipside21:

Maybe a wise decision, but I'm holding my spy puts and crossing my fingers.
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Looking historically, this market ain't that oversold at all
 
Quote from flipside21:

Maybe a wise decision, but I'm holding my spy puts and crossing my fingers.
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Yeah, but they expire in June and time value was going to become an issue. One up day of 1% would be enough to destroy their value.

While I was at it, I took a smidge of the profits and picked up a few SSO calls expiring next week. A solid up day tomorrow or Monday and these will double or more in value. Fun and games.
 
Possible scenario - washout Friday, bad news over the weekend, gap down Monday, VIX spike to 30+, and the (trading) bottom is in?

Alternative - huge bank runs spread around Europe, and next week crashes 20-30%! Haha.
 
Quote from ralph00:

Yeah, but they expire in June and time value was going to become an issue. One up day of 1% would be enough to destroy their value.
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I see. That was my reasoning to get out of the 5/18 SPY puts last week, then rolled into the 6/15. Saw the early decline this morning, sold half my 6/15s, and put on the aggressive 5/25 weeklies that just started trading today. I also have stock position in TZA.

By the way, I was down for the year, but today officially put me in the black. My equity chart looks like a rollercoaster that is now in its upward phase.
 
Quote from darkhorse:

That tends to happen with pesky multi-billion trading losses that swell by 50%...
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You should have shorted the stock if it is such a nobrainer
 
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