Gotta love ZERO RISK in the SP500 = $$$

Careful this week. Stimulus done but EU reacting to new, more deadly virus version.

 

Dow Jones 30 -492.0 -1.63%
S&P 500 -74.50 -2.01%

I'm holding index calls which are going to get destroyed.
Luckily, they are a few strikes OTM so the damage isn't going to be that bad.

 

This was a sell on the news event, unless the new virus strain has the markets in worry mode again.....hmmmm

 

And I can almost guarantee everyone on cnbc Bloomberg etc, saying the market needed a breather and that this pull back was warranted.....

Did futures off 500+++++


Now 800+++++++

 

from Flatbush and tirty tird street

 

Hey where did Santa go with that rally?

 

Now almost green free money with ZERO downside risk. Just buy more and you get bailed out no matter what.

 

Never a down day in the land of perfect, where everyone is a stock market millionaire.

 

Just when you think there might be some sort of retracement. The hungry buyers are there to gobble up any supply. Therefore everyone must keep paying higher prices. If you blink your chance of getting a better price on a pullback is gone.

 

Think of how many trailing stops were taken out in that 1000 point Dow swing. Plenty of hoping mad folks out there.