As a person who is constitutional incapable of actually enjoying a moment, I’m already dreading when this amazing, exciting, fantastic market is going to shift back to its old annoying ways. Trust me, this is the kind of market I LIVE for, and since I’m having an absolute ball with it, a voice in the back of my head is warning me that some dillweed is going to spoil the party somehow or another. It always happens.

Look, all I ask for at this point is that things keep falling to pieces until at least Monday’s open. The reason is that – -and this is TOTALLY uncharacteristic of me – – I bought a ton of $575 SPY puts that expire on Monday. Again, I never do this kind of thing, but as of this moment I’m looking at a 300% profit on them, and I’ll be pissed beyond measure if I wake up and find out that, I dunno, Trump has TACO’d out somehow and stopped the bleeding. As I stand here now, however, the market is falling to pieces, and crucial support has been broken.

One shouldn’t fill in the Trader’s Diary on Slope until day’s end, but I’ve already decided to give myself an “A” for the day (which, trust me, is rare). In short, what I’ve done in the first hour is:

• Took immediate profits on half my April DIA puts, my most aggressive position
• Got out of BITI, since I didn’t like Bitcoin’s behavior over the weekend
• Was stopped out of one and only one position, AXON
• Took great profits on my EWJ (Japan) short
• Overall am enjoying a percentage gain many multiples the market in general (inverted, of course)

The minute bar chart of /YM kind of says it all: as is so often the case after a shock event, the gap got filled (and then some), affirming the wisdom of getting the devil out of those puts at a super profit.

I took risk from 170% down to 88% and am now back up to 137% since I think the (ridiculous) buying may well be past us. Onward!!