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.

The Bottom Falls Out

By -

I am a bear. I have six figures in put options. And world markets are collapsing.

That’s where the good news ends.

As a person who can never be happy, let me share the bad news:

  • I am 30% in cash
  • I had puts in NVDA, NFLX, and a variety of other stocks that are going to get wiped out
  • The puts I have have nothing to do with tech, the weakest sector
  • My most fervant wish was for a bounce that I could sell into, and that quite clearly isn’t happening.

Thus, although I am virtually assured of massive profits the moment the opening bell rings, those profits will be utterly watered down, and I would be irresponsible to sell into this much weakness. I will almost certainly be “stuck” with way more cash than I wanted, after waiting for the past goddamned two years for the market to get knitting needles shoved into its eyeballs.

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