Angelo Mozillo thus reaffirms his deserving of the Asshat of the Year award.
A good day so far, with most positions going in my favor. These include short straddle in [[TMA]], long straddles in [[NG]] & [[GOOG]] & [[RIMM]]. Puts in [[BWLD]], [[GME]], [[PBR]], [[VLCM]] continue to make money. Even some long calls seem to be working, such as [[CPO]] & [[CYMI]] (both new as of this morning).
Full update later today.
Looks like we’re ready to start tanking back down. Will need another spectacular rally to hold 12,000 on the Dow.
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Nice writeup on the straddle. Hope you do more explanations of options in the future.
same here.
Thanks!
I do plan on doing some more writeups on option strategies, etc, while I get to sit on this here ‘throne’.
I’m hoping to revisit/update some of my trading rules this weekend. So unless I get too far sidetracked with car repairs and skiing, I will be posting those.