Just about the only silver lining to the insane rally this week has been some “fish that got away” have come back for another opportunity. I was chagrined to not secure a position with General Motors, but this morning it bounced up to its gap.
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Just about the only silver lining to the insane rally this week has been some “fish that got away” have come back for another opportunity. I was chagrined to not secure a position with General Motors (GM), but this morning it bounced up to its gap, providing me another chance to get in. I have done so, acquiring $50 puts expiring January 17th.
Here’s a longer view to illustrate the greater opportunity.
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Triple PainI tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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