Believe your recent sale of some more TSLA is timely
Went massive short TSLA this night as the RobinHooders seem to want more calls, so I sold it to them. Shall likely short more as they seem insatiable.
Spent 5% of the premium collected on collecting SLV puts, because it is more volatile than GLD and more liquid than SIL, and because I do not want to short GLD against my physical as that is an anathema and wicked and not-astute at any amount no matter how funded. Also cannot fidget on DRD.
Topping happening, and what follows might be interesting. TSLA makes it convenient to short the market, by being the one stock that concentrates all know and more risks, and with such wonderfully high implied volatility going out for far more distance than the eyes can see.
The safe shorting, at distant strike prices, over short duration, is much like lobbing grenades down the chimneys on both ends of the house full of RobinHooder financial terrorists besieged, easy peasy, to help restore rationality, and teach them a lesson when they can still make it all back by eons of toil.
The mark-to-market losses before the expirations might be horrendous, but victory assured at the sorry end.
The Fed might bail out everyone again, and if so, fantastic.
I feel content for the good work properly done this day.
I hope tomorrow is a TSLA up day, making it more convenient to short more going out further whilst still practicing safety-first.
At some juncture, once the rout gets underway, prophylactic off, and go go go, full flame throwers down the chimneys and through windows and doors.
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