Sell Mortimer Sell

I was in the options pit today waiting for the moment of sheer panic to hit the markets. I even wore my favorite bib because I have a bad habit of drooling when thinking about all the shorts that were in the money. I began to cover slowly after seeing the VIX run up to an insane 42. Suddenly, the sheep arrive and munch on the offer. There were bids everywhere, 1/8 for 10k, 1/2 for 50k, even pikers yelling out 1/16th for odd lots. It was unreal. The flock of sheep took a 300 point downturn into a 400 point gain within the hour. I raised my hands high and laughed to myself. I have followed Bill Fleckenstein on CNBC and completely agree with his seller mentality.

While people think this was a capitulation, baby trader's like me know that this is simply another fantastic opportunity to lay out some short positions. 

Now to the plays


Sell Short 10 share GS @135.42

Sell Short 30 shares CALM @40.41


PS: I brought my pet ostrich to work today to keep the flock of sheep away from me.

Try to find him.