Tell me why this is a stupid move

I

iumba04

Planning on shorting the consumer discretionary ETFs by buying some slighlty out of the money puts. Putting all my eggs in one basket as I truly believe this is a rare opportunity.

Reasoning :

Subprime lenders tanking
Banks tightening
No more House ATM withdrawals
Consumer spending set to collapse

Any other suggestions as how to play a drop in consumer spending for a small retail investor ?
 
Quote from iumba04:

Planning on shorting the consumer discretionary ETFs by buying some slighlty out of the money puts. Putting all my eggs in one basket as I truly believe this is a rare opportunity.

Reasoning :

Subprime lenders tanking
Banks tightening
No more House ATM withdrawals
Consumer spending set to collapse

Any other suggestions as how to play a drop in consumer spending for a small retail investor ?
More...

I don't trade options, but I would imagine the IV has gone ballistic this week. Depending on your strategy, that could matter a lot.

TNG
 
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