03-05-2020, 04:38 PM
(03-05-2020, 02:47 PM)fenders53 Wrote:I ain't saying sky is falling. Just sharing the data and sentiments here. Seems like other folks here expected the correction as well otherwise why are they in cash? About puts: Don't wanna leave money on the table. Within my view, I see a strong support at 3000 but also think that we will break it very soon. Market dont go down in a straight line. There will be another day to buy puts again. Tomorrow a lot of puts will be expiring, who knows if market will squeeze them. Weekend can bring more uncertainty either positive or negative developments( I think it will be negative). The profits I had right now on my put insurances were certain so took them off the table.(03-05-2020, 02:04 PM)vbin Wrote: Closed my spy puts today, lol and bought leap calls on oil. Big money is following oil and I am sure airlines will start hedging soon.
Why would you even dream of closing out the puts when you have been telling us the the sky is falling?
Just kidding, this isn't easy to navigate for sure.
PS: I called out crona is going to get worse than everyone expected a while back on this forum based on the info I was getting from China. Not saying I can predict but in all honesty I just tried sharing what I learned.