Good morning, everyone! I’m having a grand old time, and my heart remains filled with gratitude at the Slopers who are helping me keep things sailing smoothly this week. The market day starts at 4:30 a.m. here, but that’s OK, because my brain is wired to wake up before the market opens irrespective of time zone.
The market is going great for me, and I’d like to balance that my show my one total stinker, which is Planet Fitness (PLNT) which reported earnings this morning. This was a wipeout for me, and I lost about two-thirds of my entire value of these puts with these huge push higher.
It’s a shame, because it was a pretty good pattern, but sometimes fundamental news can totally changed the picture. All I can offer is that this is the reason I try to spread risk out among many positions (usually about 15-25) so that a grenade like this hurts but isn’t fatal.
Otherwise, everything is doing dandy, and I’m going to prowl around for other trades before the sun comes up.
