dual sided 'sky-is-falling' trade. If the dollar goes ballistic due to inflation, which I think is still a possibility, the market will take of upwards. By betting long, I can still pick up the inflation driven 'sky is falling' scenario.You know a "sky is falling" trade is usually more akin to a leveraged short as opposed to something that will generate income whether the market goes up *or* down, right?
Also, not sure if it's a typo but you wrote that you bought the Dec 2010 straddle... That's only 6mo away, not 2.5 years, unless I'm completely missing something.
By going short, I am picking up the market fallout once the banks are broken up, or people realize that there is no merit or value to 100x earnings valuations.
And I meant Dec 2012, going LEAPs.
Plus I'm up 10% on both sides in the last week, because the vols have gone up already... This **** is going down/up, but not staying here.
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