Random Thoughts

• The VIX spiked to over 38


• The ECB and Italy came to an agreement that should kick the can further down the road at worst and solve the crisis at best.


• Yet this market still cannot run.


• I still think we see a rally. If not today than next week.


• I am dying to hedge my portfolio so I can rest but I cannot allow myself to do it under these conditions.


• If I sleep until 4 AM these days I feel lucky.


• It is really annoying to be short 121 SPY Puts that expire in an hour and a half with the market oscillating at that level for the past 2 hours.


• I wanted to just buy them back a few times but there is still a ton of premium in them.