They’re uninsured. SO DON’T INSURE THEM. Idiots. My God.
Let ‘Em Burn
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.
It’s So Sticky……..
My largest position, by far, is September 15 2023 puts on EFA at a strike of $73. The bid/ask is at 3.70 by 3.90, and there it sits. I obviously have a ton of time on these (163 days as of today) and, with any luck, will make this my best trade of the year. Besides being my biggest trade, it also has the largest extrinsic value (about 60%) which is no surprise considering how much time is left. Here is the minute bar chart over the past sixty trading days.
Crypto Fib Wall
It’s absolutely remarkable to me what a great job the simple Fibonacci Retracement is doing holding Bitcoin prices back. The whales can’t bust it!
Semis Slowly Soften
I’ll come right out and say it. ChatGPT is to 2023 what NFT is to 2021. It’s overhyped. Over-publicized. Over-valued. And I wouldn’t be surprised if in four months hardly anyone was talking about it anymore. It’s a ridiculous gimmick and a sign of the sickness of our times. Good God, man, Microsoft Excel crashes on me at LEAST once a day, and it’s a multi-decades old product. Do you honestly think this smoke and mirrors they’ve created is going to change the world?
But, my God, it has given Wall Street yet another fantasy to cram down the throats of a dim-witted public. In particular, it has goosed the value of NVDA up to risible levels. It’s heartening to see this start to burn off. The company has successfully pivoted from (1) high end cards for serious game players; to (2) crypto-mining wunderkind; to (3) Artificial Intelligence must-have.
