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:
I’ll Level With Ya
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Flat Beer
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.
Put-Worthy
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.
The Strange Smell of Success
Ascending charts have always made me uneasy, but I think there’s one that makes me more nervous than any other:
