Election theme

Tomorrow is a swing low/intraday buying opp. Likely in the first half hour of trading.

 

Can you please explain the reasoning?

 

BTFD, damn poopy, getting my ass handed to me

 

I am short the MSFT 170 straddle via the synthetic against shares bought at the close today. Vol over 50. I am short virtually all monthly expirations against the shares.

Long 10000 MSFT; short 200 calls. I'll mark the Jan position for purposes of the thread. Short the Jan 170 synthetic from 53.1.

I mention this trade as I am doing this in a lot of large cap tech due to the unsustainable vol-line. I can't mention all fo them here, but all conform to the theme of 6-10 months out; 10-15% upside strikes; all months from 6-12 (when available).

 

Take with a giant grain of salt, but I heard the CDC might be issuing some sort of shelter in place order tomorrow.

 

Only a Federal Executive can order it.

 

Does the shortening continue tomorrow poopy or can we just keep throwing trillions at the problem?

 

I am long here from 2340, but all single names, outright. UAL, LUV, T, various casino properties. Normed/weighted to 3500 SPX deltas.

 

I am up 15% in my mIRA today. I'll post the image when TDA updates.

 

SPX closes 2398. 2475 should be touched tomorrow.