This is a follow-up to my post describing my bearishness against homebuilder Lennar (LEN). This massive topping pattern is behaving itself beautifully:
Slope of Hope Blog Posts
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.
Sticking with META Puts
The only really bright spot for me on Thursday was my bearish META position, by way of September $700 puts. It would be simple to take the fat profits and be done with it, but looking at Meta’s history, it seems to me that big price gaps don’t typically mark a “one and done” situation but instead kick off a long slide of lower prices. Keep in mind, these options have 141 days of life in them. Why dump them now?
Auto Eroticism
The loopy, zany, clinically psychotic behavior of CAR continues.
I was reading up on it this morning, and even though everyone knows the stock is doomed to crash at some point, no one knows what that “point” is. SlopeCharts has a wide variety of options tools, and one look at something as simple as the 30-day implied volatility tells the story: we’re deep intro triple-digit land.
Options Portfolio
Below are the eight options positions I am long. I have included the detail of each contract below each chart.
Options Addict Nation
When I first started trading in 1987, options brokerages were literally four or five person companies, and it was a very thin market. I remember my first broken was called Benjamin & Gerrald, and when you called to place a trade, you’d get – – well – – Benjamin or Gerrald. Anyway, times have changed:
