I took some losses today as the market decapitated momo traders, but when you have a few shorts on the grill everything seems to even out.
Right now I’m up huge in my [[MA]] puts, followed by [[DE]] puts, followed by [[BIDU]] puts, not to mention my [[CHL]] puts. It amazing and rather fun watching the stocks fall lower and lower. Make sure to keep an eye on [[V]], it may be next.
Today’s lesson: If you feel the urge to get long this market, make sure you have a few short positions on the grill to watch your back. Who knows what this market will bring.
Damn, it was an ugly day!
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