This week is for sitting on your hands. Risk into weekend is too high to buy any options. I don’t gamble any plays overnight during these times. Play intraday swings only

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I’m actually considering holding through the weekend. The virus is spreading so fast. Japan and pakistan have closed schools. Over 40 countries have reported cases. The US just had it’s first case of a non travel related incident.

I think people are getting quite scared and we will really see a big drop this weekend. Microsoft just announced earnings miss and other tech companies will follow. Events are already getting canceled...

If Dow hits 26,200 today, I would buy UVXY puts on a bounce. Still betting we head to 25,000. Sorry for those that got suckered into that insane year-end rally and got trapped at ATHs or are stuck with worthless call options. Primary reason I’d been warning about buying into that irrational rally. Elevator down happens very quickly with the right story.

If we clear 26,600, UVXY puts as we could get back to 27,000.

Yep, uvxy $21 puts on that 26,200 break. 👍👍. Take them out 1 week. Not for tomorrow

Cha-Ching on that brief bounce off my target. And riding wave down after failing resistance test.

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