seasons change, people change





August 31, 2022



Hoooo weee. Powell's comments last week took down the market quite a bit and today the market still continues to decline. Fortunately, the pace of decline has slowed quite a bit, but a decline nevertheless. My NU stock is now at $4.85 and much closer to the strike price. What to do now.





If one were to follow the seasonality chart, you can see that September to beginning of October are usually declining months over the past few decades. With that in mind, the put options I sold may turn out to be a purchase of NU at $4.50. It would be a good price but I do not want to risk being in the margin too much during the next couple months. May have to buy back at a loss. I don't think that would happen given their spectacular earnings report, but in this freaking volatile market you just never know.