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.
This morning, in the midst of an enormous TACO rally that was destroying bears all around the world, I did two things with my options portfolio made entirely of puts:
A photographer was on hand to capture me as I was making this decision. Since this is a family website, only the top half is shown here.
The name says it all! My portfolio value with this account has nearly doubled over about the past few months, and I intend to keep systematically building this up. It is a conservative portfolio, as you can see, with in-the-money puts whose expiration dates are months away. Click the image for an easier-to-read version.
Well, for anyone who lost sleep over my SPY $660 put options, it worked out great with a nearly overnight doubling. Below I’ve marked where I bought them with green arrows. I bought my first block (intending it to be the entire position), but after that lying sack o’ shit Bibi did his ridiculous “all is well” press conference and blasted markets higher, I threw caution to the win and DOUBLED the size of the position. The red arrows marked the places where I sold ’em off, fast as a sumbitch. HUZZAH!
Last summer, I got an up-close and personal look at the inner workings of Meta, and I’m here to tell you, they are packed to the gills with slackers. Actually, that’s not fair. It isn’t packed to the gills, because the people drawing down huge salaries hardly ever show up to work anyway. I’m stunned how valuable this company is considering how light the employees keep their schedules, but a recent survey indicated that on average the engineers are spending about ten hours a week actually working, which is why the company has announced a 20% slash is coming up.
