There are a couple of items in my Bear Pen whose options stink but whose underlying stocks are shortable. It might take time for these to melt to their destiny, but I think it’ll be worth the wait.
Worth the Wait
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.
Qwality is Our Recipe
Just about the only short I’ve got moving down in a meaningful way is Wendy’s (WEN), against which I already own January 2026 $20 puts. This is a diamond pattern, and it’s slipping nicely. It’s off almost 3% today, which on a day like this is almost like a crash. Take note that I’ve got until next year on these suckers.
Worse than Woke
This hasn’t been a great morning, but it isn’t quite the catastrophe I feared either. I will say that the most annoying moment of the day was getting stopped out of NFLX instantly at $974. Surprise, surprise, the price ripped above that level for a few moments before plunging (even on a day like this). There’s always been paranoia about “gunning for stops“, which I’m starting to think is more real than I imagined. This was worse than watching a Netflix drama about all the black, differently abled monarchs of medieval Europe.
