4 ms·
Lmao the current market panic is not short term and is absolutely systemic. Supply chains have ground to a halt . Actually, it's easy to "time the market"... J
by Der_Einzige 7y ago
Lmao the current market panic is not short term and is absolutely systemic.
Supply chains have ground to a halt . Actually, it's easy to "time the market"... Just buy puts when everyone is panicking.
- thedance 7y agoThat's the beauty of a real crash. It doesn't matter much when you go short.
- vikramkr 7y agoI'd hate to have had puts expiring on that day the markets rallied a couple days ago. Volatility goes both ways.
- kenneth 7y agoNot only did that happen to me, but Robinhood's outage (1) prevented me from selling in the morning when I tried to, and (2) didn't trigger the auto-sell 1h before market close on un-exercisable options. Cost me $25k or so on top of the rally. Fuck Robinhood for this.
- jotakami 7y agoMy retirement account is up 20% in two weeks from SPY puts and GLD calls
- kenneth 7y agoSPY puts (and some others) have been good to me. I'm up about 1000% in my public positions over the past couple weeks. I'm letting it ride until my thesis on how bad this gets pays through. It's my hedge against my world getting significantly affected by the virus.