Paying Attention NOW?
I could have told you rats this yesterday but I wanted to see if anyone has paid any attention to what I have been trying to teach in the past few months. So, if you wonder why that spike of God is murdering your puts then here is your answer:
First one who tells me what this means gets a gold star. Seriously, I’m pretty tired of spoon feeding you guys – and if I see another ‘Anna/Berk/Mole, do you think that…” post I am going to hurl.
I’m nicely hedged btw – let’s see how far this thing pushes – I already added more puts to my collection.
10:39am EDT: Update from the Dollar front courtesy of retracementlevels.com:
As you can see we are slightly between two key levels – which are 75.26 and 75.07. If we breach through the latter I see bad bad things in store for us bears. So, sacrifice a chicken (not a stainless steel one) to your favorite deity and pray that the buck stays above 75. For the record – prayer and hope rarely make for good trading strategies, especially if it involves Satan, trust me on that one.
11:00am EDT: Mr. VIX has officially arrived at basecamp:
Yup, vega is a bitch (for put/call holders).