There are, like, three stocks going up today and the rest are going down. S&P up a tidy 0.60%.
I don’t know the exact shape of the problem that this is going to turn into, but it’s getting weird.
Show more
rly @spotgamma? Why?
Contrary to the expectations of half a century of wargaming and economic papers, shutting the Strait of Hormuz has been the single best thing to have ever happened to the global economy.
It is particularly interesting that they did not “buy it” today.
Just understand that every time oil goes up, that’s just another *opportunity* for it to go down again, which is bullish for stocks. So actually oil going up is, itself, bullish for stocks, if you think about it.
Show more
One of the cool things about owning puts is that as the market moves against you, you lose less and less money every day.
