Market correction in its wake? What a roller coaster ride October has been. I sold a few out of the money PUTS just before the massive sell off when I should have bought PUTS, but I didn't see it coming. Currently, I am still holding all my short PUTS. A lot of them are underwater right now deep in red. I am hoping today is the start of the market rebounding. But we could see more red days than not in the coming weeks or months perhaps? Oct 3rd, I reached my all time highs in my IB portfolio of $205k! I am very heavily weighted in US tech stocks particularly in $AAPL. But the market decided to turn its ugly heads. I know a lot of people took advantage of the drop by shorting stocks and long PUTS. But I was stunned and I froze like always... I didn't watch the blood bath. I only looked at my portfolio at the end of day and saw the big losses that had incurred. Luckily, I have a lot of margin room to not get a margin call... and most of my short PUTS are expiring on Nov 21st.
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