S&P 500

Morons Massacred As Short Vol. Double Down Goes Horribly Wrong

"There's always Target."

"There's always Target."
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3 comments on “Morons Massacred As Short Vol. Double Down Goes Horribly Wrong

  1. H,

    I’ve been so set for this trade for over five years!! Especially the rise in rates (long TTT) and the short VIX squeeze (long 18 APR 20 Calls – short the 30s). You could just see it waiting to burst!

    Figured that I had just a little more time left to put on some more APR 18 20s so did a FEB 7 20/APR 18 20 “Calendar Spread” for a credit (??). Hmmmmm…

    Do the words European Style mean anything here? 🙁 Totally f-ed this up with a stupid rookie mistake and busted out on the short FEB 7 20s (sold @~$1.00 – bot(to close) @~$16). What I thought was a covered calendar spread was actually a naked position 30 points below the market for about 10 minutes. Had to sell TTTs & the bull call spread to cover margin. If I could have waited 30 minutes I’d be singing a different tune. AND… with the price action over the last couple of days would have been a total hero. Sorry to ramble but just had to get this off my chest. DOT YOUR “i’s”!!


    That’s “The Retail” for you. Enjoy the profits all and take this trade forward for me so maybe I can enjoy some vicarious joy in market behavior!

    Good luck.

  2. Pillar to Post my friend,
    Pillar to Post.
    Been building 1/3 Heisenberged for 17 months. (rest mostly cash)
    It’s been a good week.

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