This morning's early sell off was a window for would be bulls to sneak in. It closed quickly after Treasury Secretary Geithner made some positive comments. I didn't get in the window.
My VMI position saw a huge drawdown during Monday's sell off. Often that much of a quick move would have been enough for me to be stopped out. The price action in the stock wasn't as scary as the movement in the option price.
Long VMI
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