Postcards: About That Grey Swan...
It's not good optics when the largest IT failure in history happens on an options expiration day. But hey... I'm all out of conspiracy theories these days.
Market Update: Hoo boy. This one hurt. Somehow, a Southwest put spread we sold at Republic Insider returned all the way back today to finish barely in the green as an overall position, but the IT failure by Crowdstrike (CRWD) through Microsoft (MSFT) updates did a doozy on the markets and the broader economy. This is an important reminder that you must consider the things that fall outside your control and have a plan.
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