The collision of global markets and social mood

Tuesday, January 25, 2011

Two Corrections This Morning

The S&P is correcting nicely from yesterday's highs. But I awoke with a strange feeling. I had a funny feeling that instead of tweeting that I had bought puts just after the close yesterday, I tweeted calls. Well, my feeling was correct. I've caught myself making this mistake before: going long puts but my mind carrying over the going long part and causing me to think, and therefore say, calls. I waited all day to get short at that spot. There's is no way I'd buy calls at a spot like that. I like to buy low and sell high.

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