I had quite a nice run in DANG calls, up from $7.90 last month. But I am out for now. I am confining myself to VIX calls and SPX puts for the next two weeks. The markets are about to get real nasty. We appear to be at in the early stages of a VIX option price inversion (where the near term VIX call options price above the longer term ones....note that VIX options are European style options....so this always implies near-term chaos). Barring a miracle, which I do not foresee, I expect a very steep sell-off early to mid week next week, which may intensify if rating agencies, S&P and Moody's, issue statements about another potential downgrade of US Public Debt. Also the overall U.S. economy and the dollar are going to be hit by the shutdown and ensuing uncertainty, none of that is good for China either. Be careful with your money y'all.
Good move. I sold my calls but bought more during this drop which has me down a bit. The more the market drops the more pressure on govt to settle this bs. Hoping for a nice pop on that news and back out again
Well I see a classic cup and handle on dang's chart suggestive of a breakout to the upside in the very near future I would have held my position but I understand giving the mess our government is causing, However I don't think we are headed lower in the markets because gold would be trading a lot higher as a safe haven if money was leaving the markets.