Notes: Scratch at 8.45. Will look at rolling out the 21P, 31P next week and then re-upping short calls to cut net delta and reduce cost basis further. Alternatively, I can just wait and see what happens running into expiry, with the most likely outcome that I get assigned on at least the 31 and possibly on both the 21 and 31, with the obvious advantage to staying in the options being the buying power effect as compared to being in the stock.
so my friend, you think there will be any bounce coming soon? i am into June calls strike 18 and 19.
NaughtyPines
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@LetsBeMillionaire, I would hope. This sell-off is supposedly coronavirus-related, and that won't hang in there forever.
Tom1trader
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@NaughtyPines, Stupidest thing - guess anything for the media to get ratings. That virus is mostly not here, is far less contagious than our regular flu and that regular flu has killed over 6000 and hospitalized ~140,000 in the US just so far this year. Surprising if it is affecting the market agreed though it will fade out when they jump on the next ratings getter.
NaughtyPines
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@Tom1trader, It's a bit crazy. It's "the flu" -- not E-bola.