Little Upset

So, it's after hours on April 7 and 10:00PM. The market has officially wiped everyone who had puts.

While the math yesterday was hinting toward a low day as we saw the Spread MA getting lower and the VIX spiking up slowly, the math isn't competition with a black swan news on a war. So what's happened?

Well, Citigroup has rallied ~3% overnight, which has now put the value of C at $120.65, officially killing my put of $110. Did we ever have a chance? mathematically speaking, perhaps. As I mentioned, it's a bit hard to navigate the market when it feels like the government is purposely manipulating it.

I accepted the fact that I was paying for this put to be my tuition fee to navigate my first put ever, and while I'm not upset about actually learning it and understanding it, I am upset about the hand the government has played.

The biggest takeaway I can get from this is, you don't have to trade if there is a lot of noise, the headlines and the rumors happening overnight and throughout the day ahead of the news late today definitely contributed to the uncertainty of where the market was headed.

I will be officially exiting my contract in the morning, I don't believe it will be worth anything, but either way, I have to sell to close. It was a good learning lesson, but I have to take every even that has transpired over the last month and weeks to see how the war has affected every sector and the single stocks.