For a moment there, I was wondering if I had become overly bearish by shorting VXX puts and doing a covered call on the UVXY, essentially going long on the VIX in a very concentrated time period.
The SPY puts I bought early this morning also dipped into the red big time before bouncing back into the green in an Angry Birds kind of way as the market suddenly U-turned during the final minutes of trading. Blood started rushing - cranking up the excitement level in a major, major way.
It's still unclear whether I'll be able to take profit on anything any time soon, but for now:
+1.41% SBA
-0.07% Roth IRA
-0.15% DJIA
-0.07% Nasdaq
-0.09% S&P
+0.55% FTSE
+0.94% Eurofirst
+2.71% Nikkei
+2.26% Shanghai
-0.86% WTI
-0.67% Brent
-1.10% Gold
+4.89% VIX
Check out this dramatic red candlestick on the SPY 10-day 15-minute chart... Will we see 150 or even 148.75 again?
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