Thursday, April 14, 2005

SPX Puts Go Mad (and so do I)

Well, this is proof that not every entry on this site is about how well my trades have gone!

I have been quite bearish on the market. A couple of days ago (yep, just two short days) I decided the market was getting oversold, so I cleared out of all my puts and shorts. In particular, I had a whole suite of puts on the SPX, two of which were April expirations (which was today).

Long story short, in the past two days, these things went up SIXTEEN fold. The biggest fish are those that get away, aren't they?

No comments: