Option Addict | Comments Off | Closing Bell: Comfortably Numb
Friday, September 19, 2008 at 03:40PM
It was an unbelievable week to say the least.
I had a bullish bias heading into this week, and even though a few days too early, I cleaned up on a few positions today.
All the risk, headlines, and government intervention did some really screwey things to the option market. Spreads were a joke, implied volatility literally climbed off charts, and puts prices have undergone a new makeover, as the short selling rules have now been changed.
I am heading for the door, but really want to hear a great tune for a day like today...
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