Another crazy day in the market. Over the past couple of weeks, how many quadruple-point days have we had on the Dow? Five? More? I’ve lost track.
Anyway, here are the key levels on the ES contract:

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Another crazy day in the market. Over the past couple of weeks, how many quadruple-point days have we had on the Dow? Five? More? I’ve lost track.
Anyway, here are the key levels on the ES contract:
A lot of my older short ideas have ground their way almost to $0 (or they at least have been hit really, really hard). One I stumbled upon was Budweiser (symbol BUD). It’s remarkable how far this household name has sunk. The fact that these guys own a beer with the unfortunate name of Corona isn’t exactly helping.
Over the past week, I have looked on with horror at how my TLT calls and SPY puts continued to ascend in price after I sold them. The SPY puts late last week were up nearly another 1,000% (seriously……….) and the TLT calls, at this very moment, are up another 700%. Sheesh.
Not surprisingly, I am increasingly interested in options positions. I have acquired put options (that don’t expire for months) on the individual stocks below. These are, to my eyes, the best of the best with respect to bearish potential.
Ascending charts have always made me uneasy, but I think there’s one that makes me more nervous than any other: