Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Twenty-four hours ago, I did a post called Sealing the Deal in which I pointed out the importance to the market as a whole for the NVDA gap to be sealed. Well, it did so (and, just to be a smart-ass, the market decided to get cute and very briefly pushed past the gap, even though this was utterly unnecessary and uncalled for).
Good Lord. Would you like to see a post I did almost precisely one year ago? Here it is, verbatim, in its entirety, from January 15, 2024.
In case you aren’t convinced the world has lost its mind, I present to you the hiring policy of our own Federal Aviation Administration.
A few days ago, I did a post called Old Grandad which related the tale of a young man who took his entire $1.2 million inheritance, shoved it into the “sure thing” of March 21 $40 calls on DJT, and promptly lost $500,000.
In the bizarre video he did, which was sort of a financial sadomasochism kink-fest, he was crying that the options had crumbled in value to about $5.05. People BEGGED him to take his losses and be done with it, but he steadfastly refused.
Well, I just looked, and that $5.05 would look awfully good right now. The current bid on the option is $1.45, less than a third of its value during the freak-out video. In other words, his $500,000 loss has blossomed to over $1,000,000. Notice how much bigger the open interest is than the other strikes? Yeah, that’s him.
In the Slope mobile app, beneath any post, it shows other related stories. By sheer chance, I happened to notice this post from eleven months ago:
