There's a lot of chatter lately about how boring the market is. I'm inclined to agree. Just take a look at the VIX over the past couple of years. We've gone from The World Is Ending Now (VIX approaching triple-digits) to Everything Is Peaches 'n' Cream (VIX approaching historic lows).
For my own trading day……..I got out of my CYH short early on with a profit (I am flabbergasted at how it's zoomed since then, but I'm glad not to be part of it). The big wrench thrown in my day was my BEC short, which lurched hugely higher this morning. That one position (out of 75) represents the difference between a losing day and a winning day for me today.
As always, individual equities usually account for only about 0.5% of my portfolio, or less, so it's not devastating, but any short that opens nearly 30% higher is going to put gloom on the day.
In any case, I'm busying myself with other things since the blog and market are so quiet now.
