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Oh. My. God.
Look, I know nothing is more boring than the trades that got away, but I have got to share this. See, yesterday, I decided to enter a tiny position on SMH puts just for the hell of it. That’s the arrow on the left. At the opening bell, things weren’t looking so sharp, and since the puts expire literally today, I dumped them. That’s the second arrow. I got that sense of relief we all feel when we’re no longer scared. That feeling would instantly be supplanted by self-recrimination.
When financial history is written, I suspect Reddit (RDDT) will be offered up as a last-gasp IPO in the waning days of a multi-decade bull market. This stock ain’t goin’ nowhere.
One of my eight bearish positions is Caesars Entertainement. Guess what it decided to do in the middle of today’s trading activity?
The symbol DJT was obviously slated to have a dynamic day. In a span of just hours, you can see how the price just doesn’t know what to do with itself, which is illustrative of the uncertainty of the entire situation. Never before have we had a proxy for a political figure like this!
