Just discovered I shouldn't drink alcohol leading up to my Triathlon a week from Sunday. Given I have roughly a 6-pack per year habit, think I can swing this.
But watching the market not move after buying some gamma last week might get me opening that Corona. Flipped some ERX and SSO using the simple rule that "If something is red on your screen and it's not an Inverse ETF, just buy it". I could probably have avoided the expense of owning any options paper and followed that rule.
Today's break and fake? Maybe AIG. Early strength and breakout of the recent range, then a flip to red, which in a different world would probably not be a great sign. Then again, in a different world, it would not be a listed stock. Options volatility has completely hit the skids in AIG, and rightly so as the stock stopped making 15-20% moves on a daily basis. At 110 volatility, it assumes about a 7% range on a typical day, which sounds pretty fair for now.
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