DD: This portfolio has been leveraged long semis for the last 2 months. I nuked an entire months worth of gains today, thanks SOXL! -280k today 🎉. To be fair, it is also responsible for the gains. So what do people do when they feel pain? Flee to safety. Bonds!
Bonds are boring, safe, and yah know what else? These are giving people \~5.6% yields right now. That's gotta be high enough that it's attractive to some people, especially given risks in our market right now (AI, I'm looking at you).
I looked at the options chain... calls have 13% IV. These jumped \~17% today on a 0.66% movement... translates to roughly 30:1 leverage. So of course I decided to buy them
As per always, no crying in the casino.
\- Paperhands