Winning-Options.com

This is really a bad April Fool’s Day joke to all the short sellers. As of this writing, the Dow’s up 153 points and the SPX is up 17 points. Gold futures is down 30 points and I happen to know quite a few people who have gone long on gold, expecting the recent retreat to be temporary. Feel your pain especially if your stop hasn’t taken you out yet. Been there!

I’ve been waiting for quite a few days to initiate my May position. Problem with the rise in the market is the corresponding drop in IV.

Meanwhile, the rise is unabated. Dow up 225, Naz up 44 SPX up 24. These bear market rallies are really nasty !

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