It is just a skosh ironic – actually, kind of painful – to be a "permabear" and still underestimate just how far the market will fall.
Normally this kind of GLOBEX screen would make me beam with delight. With a big index call position, however, it shocks and frustrates me. It's mitigated by a boatload of other (smaller) put positions, but I've got to – – this is a shocker.
I can only assume at this point that the $RUT is going to soon nail the target I set out for it in the first place; just a lot earlier than I thought it would ever get there. Ugh.
