Man talk about IV collapse and rally, I closed out my short put positions. I did not expect to close out till next month but the profits (Bird in hand) vs Risk (Two in the bush) made cashing in a no brainer. Anyhow gonna wait now and jump back in once the folks get scared again and hate stocks once again. Thanks Obama and SEC/regulators,CNBC,Media for creating so much uncertainty in this market.
TIMBER!!!!!! Traders coming back from lunch with a few drinks in the belly waking up from the morning stupor now selling as fast as possible to get out and cash in before the other guy does it first. It is a race to the finish from now till closing. The musical stops at 4:00 and no one wants to be the guy left without the chair.