CPI looks ‘good’; the world is not ending; everything will be fine; humans are still alive!
We can now concentrate on more important matters:
NOTE: Sold short a bunch of [[BSC]] 25. puts. They have a week to go to expiration, yet are egregiously high due to insolvency rumours. But do we really think the government would let BSC go bankrupt? They’d bail them out before anybody else. In any case, hold until next Friday; easy money unless the stock drops 50%.
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BSC is for asshats.
I hope that BSC trade works out, not looking too good right now.
Looks like we’ve settled around $35…just waiting for volatility to die down and the trade should get profitable.
Fortunately it’s a small position, but that’ll learn me to go against all the BSC insiders.
In hindsight, this should’ve been a straddle all the way (esp. with earnings on Monday), but I wasn’t thinking clearly/at all this morning.