Trade Findings and Adjustments 3-17-2020
OK lets work on what the rest of the week holds for us:
We need a conviction – earnings, time frame for the slowing corona virus, Stimulus time frame,
Down day tomorrow that should go back and test the lows
Monthly Options on Friday historically is a down day BUT will there be a ton of short covering
Will anyone want to stay in the markets over the weekend
When will volume kick up on up days
How far out will we be for total home quarantine
When do grocery stores shut down for two weeks? For 4 weeks? For 6 weeks
YOU HAVE to have a premise on what you think will happen before you place a trade
End of Day we placed 250/240 Bear Puts
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