I was doing the typical self-flagellation about dumping my March SPY puts this morning. True, I didn’t nail the exact bottom, but I’m definitely not regretting taking those profits in a big hurry, since I get exceptionally nervous about short time horizons!
In complete contradiction to what I just said, I did acquire some QQQ puts that expire this Friday, but it is a VERY small position. I’m up 26% on them so far, and I entered them at just about the perfect moment.
Oh, and finally, as a Louisiana native, allow me to say HAPPY MARDI GRAS!
