>sell the 380p when it goes in the money >sell half of the 370p and 350p for 100%+ on the first bounce to cover the entirety of this trade >[optional] buy them back with house money for the final drop
Nota
so far so good; our bullish cash was officially invalidated, which led me to take a heavy short.
i decided to go with some UVXY 20C's for 6\18 with a 2.70 avg instead of the spy puts. didn't quite finish building my position unfortunately, so ended up getting into some QQQ 300p's for 3\19 as well for a 5.90 avg on that little relief rally.
will cut all of these upon any sign of recovery or artificial fuckery.
Nota
today was a beautiful retail trap. 95% of retail is still bullish, and in dip buying mode expecting something from a priced in earning ❄ the storm is only just beginning ;).
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closed everything out at the end of the day. not sure if we go lower, but i was deeply in profit on everything. had a lot of 100~400% positions across the board, and it would be unwise to keep them open asking for more.
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