What a crazy week. The volatility in this market has been insane. Yesterday I attempted to sell 10 contracts for January 2027 on a particular equity I own and I accidentally clicked BUY instead of SELL in the options screen.
I quickly tried to undo it by selling them back but the market moved due to volatility and I didn’t really want to take a loss so I let market close holding it. I figured I’d sort it out the following day. Well that day was today and those options went up in value 20.9% so I sold them right away!
I then attempted to sell the original 10 contracts for the same price and the market moved against me and the order didn’t go through at my limit price! I will try again on Monday I guess.
I’ve made about $20k this week with all the crazy volatility on various trades. One day the market is up, the next day it’s down. I normally do collars or covered calls but simply buying puts or calls (even by accident) seems profitable as long as you wait a day.
I don’t recommend anyone go out and trade options but I am now getting more worried that AI is write about an upcoming huge correction to the market. I am getting a sense these are tremors before a huge quake.
I continue to move to cash and take defensive positions.
Share The Wealth
Are you battening down the hatches?