Better to be lucky. I was traveling today, so I really didn't get a chance to have my finger on the trading button when the Fed announced a 50-basis point cut. I really didn't think that they would cut another 50 points. I doubted their aggressiveness, but got lucky with my puts with the Bond Insurer Ratings Downgrades shortly after 3 pm eastern.I made no trades, just holding on with some dribs and drabs. Thinking about adding more AAPL - it is just too cheap.
P.S. Boeing had a good quarter after hours. This may bode very well for their suppliers (think PCP) in the future. I need to read up on their earnings outlook.
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