Feh. I guess the little dip we saw this morning was quickly squished by the powers of the Quad Opex happening today. At least I don’t feel so bad about being relatively light.
As we are waiting for this storm to pass, I’ll point out that some of my favorite charts have suffered some of the strongest assaults, particularly in raw dollar terms. Not a single one is less bearish than it was before, but I gotta tell ya, sitting on my hands during times like this isn’t easy. This is one of the reasons I acquire options with at least three months of life in them. I want tons of time to try to be patient.
And some items, I would LOVE to get into position, but the options are so horrible (double-digit percentage spreads between the bid/ask) that I just can’t bring myself to do it.
