Question: should I exit my long term positions and go cash/puts or hold on to my long term positions, add more cash and go puts. I firmly believe market will go down next 2 months and then recover...

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Are all your positions options? Holding shares could be fine since theres no fixed expiry and I really don’t see it dropping too radically

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No I have 30% shares and they aren’t doing too bad. Most of my options are 50% down

shares hold. options let them go

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Hoping the markets to recover slightly today

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I’m fairly young hence why I’m asking for advice but a lot of my long term positions are down 50%+. If I fairly believe markets will go down, I can exit and rebuy later. Just thinking out loud but would appreciate any advice from more experienced people

Options are another story and it may be time to hedge by putting either more $ into, or shifting cash to some selective puts, or volatility instruments

Yeah that’s what I’m thinking adding 2k in and just going on tqqq

Keep your shares and buy some puts. So many good choices!!

Update: gonna sell most of my long term positions and going to open these. I firmly believe the virus will continue spreading and we will continue to see it’s effects.


SPY 308 put 3-6
Yum 97.5 put 3-20
Sbux 83 put 4/3

Idk about the 3-6 expiry, we may see some stabilizing over the next few days after today’s slight recovery, very news dependent but I would personally wait until maybe friday am to open the puts

Yeah exactly what is happening now, I’m up 20%

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