Out 85.50 for a gain of 36.50. I need to hedge some deltas as I am far too long for comfort. Wait until you see today’s run!
Well going into December I was bullish as up to then it was just another run of the mill correction and quant / hedge fund liquidation. But December was really bad, now the charts look just like the initial leg down of the last two major tops. The main thing that had me long-term bullish was that I couldn't quite point out the hidden risk or leverage bomb that would drive subsequent waves down in the market, but now I'm coming around to the idea that it might be the multitude of capital-consuming unicorns in the PE/VC space. I'll be watching the newsflow in that area over the coming months.