Here I am peacefully trying to get a little holiday shopping done, and next thing I know Dubai can't make payroll and the VIX explodes. So I'm back! For the moment. Had plans to short puts into this, got some off, but alas was not aggressive enough. Part intentionally as you never know on a gap down on a really illiquid day.
My general thought is the macro trend of dollar down and everything up obviously won't go on forever, but I just don't see it ending on a big gap down on a slow holiday weekend. Sure feels more like a shakeout until proven otherwise. So looking to expand my short book. My short put spread book I mean.
The whole "junior traders manning the desks" meme is a tad dated though, no? You can monitor the markets from a cave now, you really think some big government backed hedge fund is going to leave their portfolio to an intern today? It's silly.
tradeMONSTER offers customizable tools and resources for efficient online options trading. Try them today at no cost by opening a free Paper Trading account