OK, fine. Fine, fine, fine. I’ll do it. Lord. In fact, I did it. November 17th $82 calls, yes calls, on TLT.
Lordy, I hope I don’t regret this. I’m up 5.77% so far, but who knows……..
KNIFE!
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.
Making Bank!
Wow, what a fantastic morning! I’ve been nursing these banking puts, and they are really starting to fly! It totally makes sense that every single idea I’ve offered is an absolute home run, and I’ve got to beg people for a few pennies to subscribe, while Cathie D. Wood has lost 40% in the past three months and manages billions, plus is on television every day. Yep. Clown world. Anyway. I remain deliciously unpopular, so I anticipate global worldwide cataclysm.
Good.
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Friday’s Fibs
What a week, eh? And we’ve still got 20% of it left! The market has been full of trickery, however. On Sunday, it gapped higher (red rectangle) and then had two massive lurches – one on Monday, and one on Tuesday. Little did we know at the time………..that would be that. It has pulled a few fast ones here and there (particularly during the pointless Powell blather), but on the whole the wind has been filling bearish sails with hearty gusto.
Tesla: The Day After
My decision to buy puts on Tesla on Wednesday was a good one, to put it mildly. They were up 21% at the close, and I was really questioning my sanity about holding them into earnings. My fears were quickly displaced as the stock went into a post-conference-call free-fall. I was most particularly proud of stating in advance of earnings that the first target was $220, and, BANG, we met (and exceeded) the target the very next day! A 45% profit for an overnight trade suits me just fine.
