Dec750call@4.3.... despite everything else on fire, itʻs been an uneventful stock so far today... but oil tanking (pun intended),
any more rate cut talk by FED will send this thing smoking upward fast... I have enough puts for any downward slide... my Portfolio A is at an all time low... as i held on to my puts too long
Btw, Tim is a genius... heʻs a total bear and called a huge bounce for the day... my guess is heʻll likely cash out before the fed is my guess. heʻs the most diligent chart trader in the blogs iʻve watched. FLY is the definitely the bravest, heʻs the man in a bull market. But Tim seems to see the whole picture. Iʻm watching for him to call a top then i hope to cash my puts in the future... I think his use of Fibs & IWM is an awesome benchmark...20% up and down... cool... Altho my portfolio A stinks at this time, I canʻt help but think of the understanding iʻve gained in the last 2 weeks versus the last 2 years of option trading.
Long-term, this bounce as temporary.. the rally today has had so much underlying bad news
-housing sales "how low can you go..."
-Wells Fargo joins the long line of banks writing down
-Consumer confidence low
-3rd Q profits for banks down 25%
bleh... the rate cut wonʻt do anything to fix the almost mountain-like problems ahead.
in college football news...
i hope Missouri & WVU each win, so we get a scoring contest for the National Championship