Following up on my Lumen post from earlier today, I created a small (and I mean small!) bearish position with January puts. I was dismayed after the close that LUMN went exploding higher. A little later, it completely collapsed. And now it’s down just a little! Quite the insane ride:
The big picture really hasn’t changed, though. We’ll see if that monster top holds sway or not.
I’ll probably be revving up the posts late this evening, as we’ll all be watching the election returns with great interest.
