| | | Take GE as another example, beaten down, reviving, then slapped down again, now at not-wanted 7.85
Meaning buy at 7.85, sell at money put at 2.25 (to double stake) expiration Jan 15 2021, and short at-money call at 2.08, pocket total of 4.33 and forget about the trade, wait for time-decay, Fed liquidity, and fiscal largess to do the wet-work for prospective 50+% return. Just need to not run out of dry powder before the the battle ends.
In the meantime the authorities must do ‘whatever it takes’ to first fix the frozen market by liquification / hydration, and then deal with the consequences
It all feels so naughty, indecent, but delicious, as in addictive, must-do, and must do more. Wicked sick, as computer gaming voice-over might intone.
I absolutely need to know what I am doing wrong, besides the obvious, that in a 99% fall, the last 9% kills as effectively as the first 90%.
Busy week coming up.
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