First off, a tip of the hat to five-star general and long-time Sloper NYUGrad, whom I had the pleasure of meeting very early this morning. We spent about an hour together (including his dog, which was a big bonus) walking around the southern tip of Manhattan. What a pleasure to meet one of you folks in person!
It’s a good (and rare) day for the bears so far. In addition to my typical “doesn’t expire for many months” puts, I had been, from time to time, buying some crazy-short-term ETF puts recently. The most recent was yesterday, when I acquired some EEM (emerging markets ETF) May 31st puts. They’re up 173% right now, so I sold half off, leaving the rest as a runner (I think that’s the term?) Whee!
