I only wish you'd talk this sensibly more often elsewhere. I swear your obsession with doom-and-gloom is sure to get you a call from Trump one of these days. And trust me, that’s gonna land you in some seriously hot water.
QQQ Puts, that expire tomorrow so the moment this opens, if the gap down holds I'm out. It's not a big position in terms of money exposed, but could be a really nice gain if this touches sub 400. I don't trust this move and am nervous I will wake up to green. Before you say anything, I figured if it's going to drop it was Monday or Bust, so puts were the cheapest way to play this. And with the premium it was the cheapest. If it spiked Monday all the puts would get crushed anyways. I already took some profit on Friday and wanted to hold some in case of a down Monday and reworked my option position.
Well yeah, but the question is, will this be a real drop that carries over to a gap down tomorrow or is this just fake futures porn?
Wow, Cramer just said he would start buying at SPX 4000. He said Trump wants China to heel. Whatever that means, this drop won't stop soon.