I have a large array of screens on my desk, and the rightmost one shows my portfolio in a spreadsheet. Considering how I am entirely short (and somewhat aggressively so……), I was puzzled that I wasn’t getting killed this morning. After all, every single index is bright green.
Then I saw it:
Even though it is only one out of 34 different positions, Abercrombie & Fitch is, all by itself, not only preventing me from a loss today, but is actually giving me a profit. That’s what a triple-digit gain on puts is capable of, it seems.
And I ain’t sellin’ either, baby!
In a true “meta” style, here is an A&F model simulating the reaction of someone who has a lot of ANF shares in his account, assisted by two lovely young lasses.
