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.


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Moments ago, there was a conversation in the Knight household which speaks volumes.

My wife and I read constantly, and we’ll often mutter some headline that we just read simply to keep the other more-or-less informed about everything happening on our lively little planet. So just now:

Tim: “Sez here the number of deaths in the U.S. is now the same as the 1918-1919 flu pandemic.”

Wife: “Mm-hmm.”

Tim: “Seventy-five dogs died from a fire at a boarding facility in Texas!”

Wife: “OH MY GOD!”

I mean, she doesn’t have the disdain for humanity that I do. If I found out that 90% of humans had just vanished, hey, no problem. In fact, that’s great! Or 95%. Or 99%. But…………dogs……….no.

It’s really horrible. The Yelp page is still up, and naturally it’s getting plastered with 1-star fury. Their website is still up too.

As a person who has spent five-figures boarding his dogs, I can’t imagine the outrage and heartbreak happening with the families of these dogs who died from smoke inhalation or fire. The owner has, from all accounts, been ducking responsibility, leaving the hard work to the employees. I strongly suspect no one is going to let him forget this negligence. It’s an unforgivable dereliction of duty to creatures far better than ourselves.

A Perfect Ten

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Over the weekend, I did a trio of posts, each of which began with “The next few weeks might – – might!! – – be a bearish oasis in a vast bullish Sahara.” Well, starting with Sunday evening, I had a feeling that conjecture might come true swifter than I had hoped. This morning, I was glad to have been (a) totally out of crypto, which seems to slavishly be following equities (b) fully committed in my put options accounts.

I’m still starry-eyed bearish, even after Monday’s drop, but I did make efforts today to push my timetable out, since my October 15th options were making me uneasy. I am now more relaxed in November and December options. Keep in mind, besides all the Evergrande insanity, we’ve got that sumbitch Powell on Wednesday, so this is going to be quite a week!

Below I share ten major indexes with my remarks in the caption area.

slopechart COMP
With almost no exceptions, today created helpful price gaps across the board, thanks to the tremendous gap at the opening bell. These levels will be important stop-loss prices for longer-term bearish setups.

Another Bear Call Spread Opportunity

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As I stated last week, bear call spreads are a good strategy for this market environment.

And with implied volatility up over 30%, the bearish-leaning options strategy looks even more attractive, whether as a hedge or simply to act on a directional bias.