Just wanted to show a couple of interesting items after hours. First up is Intuitive Surgical (ISRG) which is ripping higher. I’m delighted to say I have no bearish position in this!
Evening Session Mayhem
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.
Sure They Are
The biggest three lies in the world:
- “The check is in the mail”;
- “Let’s have lunch sometime”;
- “Everyone is bearish”
I’ve heard that last one CONSTANTLY lately. Let’s say aside this baseless assertion with an actual fact:
Why I Don’t 0DTE
Unless you have been hiding beneath a very large igneous rock, you know that a shocking percentage of options volume is based on compulsive gamblers (many of them relatively young traders) who are getting their ya-ya’s out by trading 0-DTE options. That is to say, they are gambling with options that have hours, or even just minutes, to live before they expire.
I am multi-dimensionally conservative, so I don’t usually pull that kind of crap, but I did yesterday afternoon, and it just proves to me once again I just don’t have the temperament.
Positions Review
Cliff Hanger
Out of all my positions, the one with the best percentage gain so far is Cleveland-Cliffs (CLF). It doesn’t have an eye-popping P/E ratio like Nvidia (about 160!!!!) – – indeed, it is merely 6.7 – – but the chart is a delicious sight.
