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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.11+0.1%4:00 PM EST
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To: Pogeu Mahone who wrote (156568)4/16/2020 2:28:34 PM
From: TobagoJack  Read Replies (1) of 218176
 
I think the China re-start experience would be the script for ROW

Revenge-spending can only go so far and no farther

I had shorted ALGN puts expiration Jan 2022 strike 70 for the 11/shr walk-around cash, believing the share that fell from 300+ down to current 181 would not likely go to 70.

I thought about the trade today, and asked, “why not 70?”

“No reason it cannot drop to 70 and stay there if consumers stop discretionary spends” was my answer.
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