@GavMcCracken Why did u tell people to go all in dead money oil stocks? Even if oil recovers to 80-90 dollars, the limited upside will take more than a year to play out. Did u really think there was no other sectors to invest in?
@GavMcCracken I don’t really understand how you thought about the risk reward on this trade. You seem to only think that the upside on OBE for example is like 50% for the reminder of the year, which is not high enough for the risk that has played out.
@kpak82 Respectfully you’ve been calling for a reversal for three weeks now and it just seems like the market wants to go higher digesting every micro dip and looking through oil and yield spikes . If ppl bought the atm put since u called for a reversal I think they would be down 80-90%
@AdamMancini4 Yea good point. I thought we would retrace this rally even a tiny bit but now it’s 300 points later. Sometimes it’s just absolutely the wrong time
@DeepDishEnjoyer Getting fuking destroyed on index puts since I’ve followed u. I think just gotta be dumb and long in this market and look through everything. Never again.
@kpak82 Have u considered that maybe we just don’t mean revert in this market. Vix is not a mean reverting instrument so why would you use ta on it? Maybe Vix is just going lower and stabilizing at a lower range.
@Basssem666 How do u think about managing drawdowns like this for puts? Everyday we drift higher with vol and bleeding away. Even the 670 strike are so far out the money now? It’s just very psychologically tough not knowing if a reversal is ever gonna come given every 0.1-0.4 dip gets bought