Yeah, I didn't sell any of my puts. 250% total returns down the toilet. Now I'm back even, and the market is reacting to the Fed/Media and not the economic data. Woe is me. I have to hold because I don't believe the Fed will cut rates. I'm still bearish. I might lose alot by my decisions, but this won't be the first or second. Third time is the money. I was so close to be 5 dollars out of the money from 12 yesterday, and now I'm to far to do anything else but to wait and hope. The only thing that is correlating with the market is my stock account. Way up or Way down. The stocks I'm watching move way to much to be wrong.
Oh, whoever said they want to start a hedge fund, you need your series 65. That's what I'm doing. To collect money from anyone and invest it, you need some sort of license not a lawyer. Form an LLC. Find a broker/dealer. Pass your 65. But if you use your own money, you don't need any of those things, just form an LLC and put your profits in it, write off your expenses and that's all she wrote.
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