Farooq, you did VERY well today.
It was pretty much an intrady trader's market I thought.
I failed to follow correctly on the major climb after the weak open, so missed the calls opportunities. You gave the signal (thank you very much) but I was too stubborn to believe it, and even though I'd asked you early this morning to post your signals.
Actually my own stuff pointed up as well, but I just passed it off as probably a bear flag and not worth buying calls. Dumb as rocks at this desk sometimes. I wish I'd get off my bear bias all the time. Dave's on my case about that also.
Never mind, the day ended at this desk with 10 scalps, all puts, 7 green from +5% lowest, a couple around +15% and another couple at +25%/30% and one best at + 41%. 3 were for no gain/no loss. Those last three breakevens were all nutty attempted puts into a rising market and I was fortunate to get out clean
The one big puts winner today (+41%) was AMZN, and I'll bet you didn't even know I had it on my watch list. I've managed to make some money on it in the past, but not lately. I've always underestimated bozo Bezos, as I call him.
When that very weak consumer confidence report hit the wires, AMZN retail was all I could think of.
All in cash. I agree with your indications to hold short, but I'm leery as h--- to hold overnight as you well know. I sleep better.
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