Wear me! Wear me! Wear me!
You were the girl that changed my world
You were the girl for me
You lit the fuse I stand accused
You were the first for me
The banks are failing, the breadth is sagging and Fokker--what the hell is he doing now?
I can't tell you that--I honestly don't know--but I can tell you what I'm doing! So you know and if you care, I've pieced out of my last schnitzel of S&P puts. Why? When I hear the word "nuclear" ten times in ten minutes, we're getting close to some sort of a rally. It's completely nonsensical and likely silly but, hey, as I think it, you'll read it--and I've thunk it.
I've officially turned my hat around and will be looking to trade from the long side. That doesn't mean right here right now, mind you, but I've asked my coverage to start sniffin' around for cheap vol. If I'm gonna zag, cookie, I want defined risk--and I'm starting to get twitchy.
Good luck into the close.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
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