FriscoKid said:

---

After the past 4 days I really thought tomorrow would somehow be green. That was panic level brutal. I'm starting to doubt it though.

(I don't have any position right now BTW)

---

I've been getting into positions at the end of the day thinking the accelerated sell off near close is an overreaction and will result in a bounce tomorrow.

Clearly I'm consistently wrong. Oh well, will keep averaging down I suppose.

wessimo said:

---

There is a lot of risk going into this weekend. Markets will be down tomorrow.

---

Wouldn't be surprised to see a similar pop as today at the start of the day, and then another tapering off towards the end, but tough to say. Has the selling sentiment reached its peak yet, or not?

S&P futures down 40+

I've never seen a push to dethrone a President as I am a millennial? I have seen people in the Democratic Party say "anyone but Trump." It's strange seeing a businessman as an exec in an oil company wanting Trump for business and his wife wanting anyone but Trump because they hate his face.

Not a humble brag by any means as they are my parents friends but an observation. You can have two people who have two different views.

Of course the one who makes the money is the conservative and the stay at home is the one who doesn't care.

Bottom of the weekly bar is at nearly -14%. Financial crisis type move.

Unless this trend reverses, Trump is going to have a tough time in November. I'm pretty critical of him (he's a NY liberal in my book) and his spending but this isnt at all on him.

Futures got as low as a blip under 2880 overnight.

Talon2DSO said:

---

Unless this trend reverses, Trump is going to have a tough time in November. I'm pretty critical of him (he's a NY liberal in my book) and his spending but this isnt at all on him.

---

A correction was inevitable but like Irish said, this one happened early enough to play out before November. I voraciously read news and I've seen this being mentioned numerous times over the last 48 hours. I suspect we'll get a global effort this weekend or early next week to stabilize world markets. JMO

I refinanced too early. 10 yr yield at 1.2%.

Futures are wild. I'm seeing almost .5% swings going on.

Setting up for a wild day. Could see us closing in the 2800s or 3100s. Place your bets... or just place both bets.

Bought some more SPY and XOM this morning

2850-2870 has been a past critical area. I could see us drop down around there around -100 this morning and then snap back. We shall see. Lots of technicals have been tossed out with the empty whiskey bottles though so who really knows.

Futures have now made multiple attempts to get back over 2950 and failed. That mark at open is something to watch.

IBIO - out of this world! coronavirus play, I wouldn't chase at this point though.

This one hasn't moved as much as others, but OMI could be a corona play for those of you that feel like gambling

Here is why I dislike trying to guess which bio firm will win the race. This is barely getting reported, and if true, may win the race, but so could many others we aren't hearing about.

https://hamodia.com/2020/02/27/israeli-researchers-announce/

YERUSHALAYIM -
Thursday, February 27, 2020 at 5:04 am | ' "
A group of researchers in northern Israel said Thursday they had achieved a "scientific breakthrough" in treating coronavirus. At a press conference, researchers of the Migal Galilee Research Institute said that the breakthrough had come while they were doing research on coronavirus in birds.

The basic coronavirus in birds is very similar in patterns of infection and effect of the virus in humans, and the genetic structure of the virus in both humans and birds is very similar, the researchers said. As a result, the treatment developed for birds could be applicable to humans and they believed that an effective treatment could be developed for humans within three months, they said.

The solution we are developing against COVID-19 virus has proven effective, and we believe a version for human treatment can be ready within eight to 10 weeks. That would be followed by a 90-day test period to ensure safety.

@mtm_trader: C'mon guys it's really this easy...

Step 1: Buy coronavirus related stocks
Step 2: Retire

$TNXP $APT $AHPI $CODX

But they're not publicly traded...

EngrAg14 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Talon2DSO said:

---

I have a March 2 put

---

Oh then yes sell it if a deep red open. Difference between today and Monday premium portion is big.

---

But youd lose protection from negative developments over the weekend?

---

Sell tomorrow, then buy a lower put for 4th with the earnings

---

So I'm guessing we sell those $295 SPY March 2 puts at the open huh?

Boat Shoes said:

---

EngrAg14 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Talon2DSO said:

---

I have a March 2 put

---

Oh then yes sell it if a deep red open. Difference between today and Monday premium portion is big.

---

But youd lose protection from negative developments over the weekend?

---

Sell tomorrow, then buy a lower put for 4th with the earnings

---

So I'm guessing we sell those $295 SPY March 2 puts at the open huh?

---

I would sell most if not all. I have 2/28 so I'm selling them all.

Bought against those $295 SPY Puts down here $290. I hope we start low because I have $290 Puts I had tossed on and can ditch all of the others using these as no risk holding now. This includes selling the March Puts and then looking to re-enter at now lower needed spread. Markets are NOT going to win this hysterical battle!!!!

59 South said:

---

I'll just keep playing spreads and taking the homerun which ever way.

---

I would be interested in hearing the details of what you are doing and what your thinking or strategy is with those. Possibly even on another thread. Are you picking selected stocks where you think the chance for volatility is higher than the IV based pricing on options? Are you doing this for indexes or other funds and knowing many days you won't payout but the big movement days you will make a lot of money? That would be an educational discussion for strategies to profit during (hopefully) short periods of high volatility.

Double check your systems on holdings. Mine is off on Put values. Example.....It shows my $301 Puts at $7.10 and obviously that should be closer to $11.

Just in case some of you are projecting sell price based on what it shows.

oldarmy1 said:

---

Double check your systems on holdings. Mine is off on Put values. Example.....It shows my $301 Puts at $7.10 and obviously that should be closer to $11.

Just in case some of you are projecting sell price based on what it shows.

---

Your option values don't update prior to open, do they?

Bob Knights Liver said:

---

59 South said:

---

I'll just keep playing spreads and taking the homerun which ever way.

---

I would be interested in hearing the details of what you are doing and what your thinking or strategy is with those. Possibly even on another thread. Are you picking selected stocks where you think the chance for volatility is higher than the IV based pricing on options? Are you doing this for indexes or other funds and knowing many days you won't payout but the big movement days you will make a lot of money? That would be an educational discussion for strategies to profit during (hopefully) short periods of high volatility.

---

I'm just buying SPY calls/puts out a day or two. Watching technicals confirm and pulling the trigger. Sell a portion on big moves and buy the opposite back at lower premium. For example when 301 broke late yesterday I bought 295 puts for today. I'll sell those at open and then decide what to do from there based on price action. Just following the OA playbook except I don't have the capital to buy the underlying shares.

$SPY at $289 $288 $287 now. Phew.

Boat Shoes said:

---

oldarmy1 said:

---

Double check your systems on holdings. Mine is off on Put values. Example.....It shows my $301 Puts at $7.10 and obviously that should be closer to $11.

Just in case some of you are projecting sell price based on what it shows.

---

Your option values don't update prior to open, do they?

---

No. you have to self calculate using the greeks

IrishTxAggie said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Double check your systems on holdings. Mine is off on Put values. Example.....It shows my $301 Puts at $7.10 and obviously that should be closer to $11.

Just in case some of you are projecting sell price based on what it shows.

---

Your option values don't update prior to open, do they?

---

No. you have to self calculate using the greeks

---

Is there a good explanation out there on how to do so?

Options premiums are going to be through the roof. Anybody have a good idea what I should set my sell for for 295 puts expiring today? Maybe $8?

59 South said:

---

Options premiums are going to be through the roof. Anybody have a good idea what I should set my sell for for 295 puts expiring today? Maybe $8?

---

Wow I sold my 293s yesterday for a quick 100$ profit.

Boat Shoes said:

---

IrishTxAggie said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Double check your systems on holdings. Mine is off on Put values. Example.....It shows my $301 Puts at $7.10 and obviously that should be closer to $11.

Just in case some of you are projecting sell price based on what it shows.

---

Your option values don't update prior to open, do they?

---

No. you have to self calculate using the greeks

---

Is there a good explanation out there on how to do so?

---

optionsprofitcalculator.com