This is what I'd do, but then I got no ballz for this nowadays. Any puts that are deep ITM, or doubled, tripled or whatever, roll 'em to lower strikes and pull back some money. Yeah, you won't make quite as much on continued down market, but you will still make some. And with a vicious rally (count on it soon) you will at least survive. My feeling is that you are too late to catch a big move this round. But then I am usually wrong. Good luck!
Hell I don't know. Maybe another limit move down Friday or Monday and you'll be buying that Model S! Seems like in this stage of the virus shiite every weekend brings more bad news. And with Trump running things... But you might want to stop out of most at a 50% or so loss if you get the chance. You'd still be in business.
If it swings hard on me I won’t ride them all to zero. That is my thinking with CV I think it is just the beginning.
Hope you are right! Definitely use no hard stops (IMHO), just a calm reassement if a sustained rally starts eroding all your puts. So many plays tho... IV is high but sell a winning put and buy a few OTM calls, or spreads, etc for a "no cost" rally play...
Take profits and roll down to lower strike puts with % of winnings on this upward bounce. Pocket winning and now playing with house money.
you might be a bit early. I'd see how this current level tests and short the top of the retest. Use a weekly or daily chart. then buy the puts with delta and some time value. Keep it simple and you will print some serious money.
Let the money printing begin. Lowering rates is useless. Print moar. https://www.zerohedge.com/markets/n...-two-days-stabilize-treasury-financing-market