The July's will help me sleep over the weekend. I adjusted for the premiums by buying more out of the money options because if it is going to go down, I believe it is going to go down hard. And, it may go down by june opex to some degree, but i think there will be a lot more room on the downside after that, and July premiums will be more expensive at that point.
If we are ever on the right side (and that's a big if), we should have a party!!!
Well, that would make sense with him hanging out here and listening to the rest of us… who seem to always be on the wrong side of the market. LOL
Now that's funny!
Carl probably just bought a shares of TNA, lol.
Earl, you crazy cat!! COME BACK!
Maybe that “Earl of” buying all those TZA shares… LOL
Looks like we're going to rally here, so maybe wait to see how that goes.
The July's will help me sleep over the weekend. I adjusted for the premiums by buying more out of the money options because if it is going to go down, I believe it is going to go down hard. And, it may go down by june opex to some degree, but i think there will be a lot more room on the downside after that, and July premiums will be more expensive at that point.
Good idea.
I bought a bunch of TZA June calls. Just can't bring myself to pay those July premiums yet.
I think our next stop on the bear bus is 1055 (possibly after a rally to 1089), where I'll get rid of them.