Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

After the Savoy Truffle

By -

I’ve been impatiently waiting for Bitcoin to break for weeks. We aren’t there yet, but we’re very, very close. It briefly crossed below the psychologically important $80,000 level earlier today, and it is pressing against the trendline. It has NOT broken it yet, but if it does, that’ll be a positive development for the one or two Bitcoin bears on the planet besides myself.

Unrelated to this, I took 120% profits on my SMH puts I bought yesterday. I wouldn’t be surprised if they go up more in value, but I’m just not emotionally designed to deal with stuff that expires in a matter of a few days.

My Bold Bet

By -

As most of you know, the options trades that I do place tend to be exceptionally conservative, focusing on in-the-money puts with many months of time left on them. Yesterday, though, when I saw the video of Paul Tudor Jones (a hero of mine from the late 1980s) plunging into the semiconductors since he figured we were just starting to go up in that sector, that sent me over the edge. I did something I hardly ever do, which is buy very aggressive puts: specifically, SMH $580s that expire on Friday. I’m up 117% so far, so………bite me, PTJ, my former hero!!