https://www.marketwatch.com/story/t...ll-street-2020-03-26?siteid=yhoof2&yptr=yahoo
We will remember this time as the baby bear market. The shortest bear market in history. 11 days.
@Amun Ra is an unfunny @dozu888 alt.
https://www.marketwatch.com/story/t...ll-street-2020-03-26?siteid=yhoof2&yptr=yahoo
We will remember this time as the baby bear market. The shortest bear market in history. 11 days.
Selling puts?...In Spain they had to convert an ice skating rink in a shopping mall into a makeshift morgue. How do you know that won't happen here? It's only just beginning here...
Selling puts?
Don't care.First off, that's SPY, not DOW. 2nd, your little chart didn't account for the drop due to dividends so you need to subtract that.
293.62 - 2.758 = 290.86
290.86 x .8 = 232.68 is the point needed to be a 20% drop and it would need to close at that price or lower. Can't be an intraday low.
Your chart says 232.77 so you were about .11 away from a bear market.
Your chart is also off. On dec 26th 2018 spy hit a low of 233.76 which was .99 higher than your chart so I don't know what kind of trickery you were using with that chart as SPY never went that low. Also spy closed that day at 246. It did close lower on Dec 24 at 234.34, but it's still not the 20% drop.
Your chart was also a little high on the SPY's high, but only by a few cents, but it was still cheating.
Resist the urge? Laughable. You should religiously follow your own advice.