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April 19, 2021

Trading “Project Zimbabwe…”


At the depths of the COVID crash, I began writing extensively about the equity market ramifications of unlimited fiscal and monetary stimulus. To start with, it was obvious that the equity markets would blast higher—as a result I strapped on as much exposure as I could stomach while remaining a responsible fiduciary. I was also early to recognize the massive influx of retail traders ... Read More
Categories: Comments On Events
Positions Mentioned:
March 12, 2021

Can’t Stop Selling GameStop Vol…


Ever since GameStop (GME – USA) pulled off a Melvinator, I have had various short vol GME option trades on. Often, this was some combination of deep out of the money (OTM) strike puts and a smattering of even further OTM calls. Yes, I know I said that shorting “Project Zimbabwe” is suicide and maybe I need to re-learn that lesson myself, but I’ll ... Read More
Positions Mentioned: GME
January 7, 2021

Everyone Back In The Pool…


Yesterday, January the 6th, a motley band of MAGA, Antifa and what appears to be a Minotaur, entered Congress uninvited. They had no plan, no leadership, few allies and no clear agenda. They were united by anger and a desire to fix something that was obviously broken—yet impossible to fix without the buy-in of entrenched special interests. After spending a few hours pissing off ... Read More
Positions Mentioned:
August 5, 2020

Stop Shorting “Project Zimbabwe”


I have spent a lot of time on this site speaking about “Project Zimbabwe” as this period is so poorly understood and if you get it wrong, you’ll get annihilated. I have also written about how it’s getting strange out there as stocks no longer seem to have floors or ceilings on valuations. The moves are increasingly sudden and random as the active manager ... Read More
Categories: Comments On Events
Positions Mentioned:
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