Option Millionaires

[DangermouseBuu]

I've spent 99% of my time trading options as a perma-bear masquerading as a bull by shorting VXX and flipping to OTM calls when it seemed appropriate.

Being a perma bear I know what type of movement it takes to totally screw us. yesterday was one of those times that it seemed perfect to go in short, and that's why SPY had price failures, and guess what, VXX is down 2 dollars today and the market is up. The only way the market goes up is if it doesn't fill the gaps. THATS how they steal the money. My humble opinion right now is don't get your money stolen, and charge like a crack smoking bull, only instead of playing the SPY and hoping santa dies in the streets, im playing a stock. volatility will DROP the next few weeks, but I think some calls are better than the slow dribble down of volatility. I think SPY puts are risky. I could be blatantly wrong, I have been plenty of times, but I smell a rat, and I think the gap won't fill, and tomorrow will be bright green all the way. And if that happens you'll be pissed off about your spy calls tomorrow while PCLN soars another 3%. Don't get caught out. If you're gonna short SPY might as well go long on PCLN as a hedge.