I very much doubt these daily (intraday!) 1,000-point swings in the Dow are going to end in a good way - very possible we get a major capitulation event down the road.
SIX/Jeddah – I used to go there with my kids and considered at the time what a toxic nightmare that place is – especially the water park, where you are taking a bath with 10,000 people! Nonetheless, my kids have their season passes (90 mins from my NJ house) and intend to get their money's worth this year. They are likely way oversold but parks may be ordered closed next month if the virus is spreading so where's the bottom then?
I guess I would not sell puts but I would take the SIX 2022 $15 ($8.50)/$22.50 ($5.50) bull call spread at $3 and, if they go lower, THEN you could sell the $10 puts (now $2.50) and roll the $15s to the $10s. Let's do 40 of those in the LTP and see how it goes.
Have to sell 5 AAPL 2022 $230 puts for $30 ($15,000) in the LTP. Very happy to DD if they go lower and, of course, build a bullish spread around them if they don't.
