Well here we are, the first “panic” of 2020. Markets are selling off a bit, the TV and twitter birds are chirping, trying their best to get you to act irresponsibly in your portfolio. And maybe you’re even feeling a bit of unfamiliar heat on some of your long positions. Time to get scared, right?
Maybe. I dunno. But this I do know — fear subsides. And in options trading parlance, volatility mean reverts. I’m stepping in and selling the fear today. [Read more…]