Among my eight put positions is Carvana (September 18, 2026 $80 puts). This is a honey of a diamond pattern, and since I’ve got a bug up my ass about the fraudulent stench swirling around this company, it’s extra delicious.
Copa Carvana
A Cherished Memory
Anyone here old enough to remember CMGI? It was basically the ARKK of its day, and as its price began to stumble, people joked the symbol stood for Can’t Make Good Investments. On a split-adjusted basis, it went from over $11,000 to about $37. Ah, yes, the good old days when fundamentals mattered…….
Making Degrade
Trading, like life, is full of ironies. The one I’m faced with right now is that my most successful and consistent short, Bitcoin, is one I resisted for months (years, really) because I thought crypto was too volatile and scary.
Not so. It is far and away the most reliable and chart-friendly market I’ve ever seen. Bitcoin, a key short position for me, just keeps withering away precisely as predicted.
Gallons of Mayo and Gasoline
Where Freedom Reigns
