Morning Starwood

By -

I see the bulls on Slope are high-fiving about being long and raking in the green. Good for them. Q1 2023 has obviously been brutal for the bears, but I just looked at my portfolio, and I’m down 2.8% for the entire quarter. It’s a loss, true, but c’mon, considering what the bears have been through, that’s pretty damned good. In any case, I’m still heavy into cash (25.6% at the moment) and offer the item below as a prospective short play. I’ve got September $21 puts on this sucker:

STWD