1. Call Spread because of IV crash. I expect VIX to drop, which will affect my 230 call, but hopefully it will affect the 250 call more.
2. Long AAPL because of my premise that either
a) we get big bounce in the next few days, or
b) the bull market continues. I suspect b). I don't think we've seen all the greed come out yet.
One of the above has to happen, IMO.
If I am wrong, the 250 calls protect me on the downside.
But, obviously, I don't think I'm wrong.
AAPL is the only one I expect to hold (perhaps for more than 1 month). The currencies are for the next 1-3 days
2. Long AAPL because of my premise that either
a) we get big bounce in the next few days, or
b) the bull market continues. I suspect b). I don't think we've seen all the greed come out yet.
One of the above has to happen, IMO.
If I am wrong, the 250 calls protect me on the downside.
But, obviously, I don't think I'm wrong.
AAPL is the only one I expect to hold (perhaps for more than 1 month). The currencies are for the next 1-3 days
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