I was trading SKF, but the Fed started scaring me with surprise overnight rule changes. It's making a big run off 95 where I should have bought. Now I think I missed. If retail is going to be bad to worse this seems like a good place to be???
I own SKF, but got screwed by the SEC. I figured I should just right calls against it and get something so I wrote the $115 oct. calls figuring it would never get there with the ban. Without the ban it would have been over 200 yesterday. I don't think it is fair that they can screw those who are trying to protect their other positions and reward those who were irresponsible.
Any way I agree, consumer spending is the next shoe to drop. Bought in today at 87. I just put the order in and walked away. I was a little surprised that it filled, but glad.