I’m tired of looking at my stupid broken hand on my site. And now that its 75% healed and I can type without pain, I’m posting an update:

Right now I am bearish but not too heavy. My SPY weighted delta is -1500, my theta is 1800 and my gamma is slightly too low for comfort at -800. I’m mostly bearish on financials with a healthy mix of bulls and bears on internet and china.

My most exciting play is a $5000 bet I made on a financials crash before Feb expiration. With just 4 trading days left, odds are slim, but I’m having fun imaging it happen. It is sort of like a lottery ticket. The hours before the drawing are the most fun, planning what you’ll do with the winnings.

Now this bet won’t net millions, but if FAZ can hit 150 - 200 ( I said “crash”), I’ll add 500k to my net worth.

This week I’ll be slowly moving out of my positions. I have about 16 right now and all but a couple involve sold options (thus the low gamma).

I will be gearing up my March positions over the next couple weeks and will be sure to share them, most likely on twitter / stocktwits

(fyi cast is off, and hand should be 100% in 2 weeks….snowboarding here i come!!!)