I did similar trades to yours- call on VXX, and put on JETS (nothing on USO, as I don’t think it can get much lower than it already is).
As the market doesn’t react to the rising case numbers in the US (and maybe more importantly, in Ireland, where they have a horrible outbreak), do you think the market might just factor the coming outbreak as a net positive, since everyone will be either vaccinated or immune after it?
Also, vaccine distribution in the US seems to be accelerating, the British strain seems to be a bit less contagious than thought in December, and otherstrains that might or might not be affected by the vaccine were discovered. Have you changed any of your investment plans?
Personally, I have options for both March and June, so I will either sell in a COVID related crsis, or sell the March ones at the first reasonable opportunity after March 1st, and the June ones at the first reasonable opportunity after May 1st, but I’m not sure how optimal that is.
I did similar trades to yours- call on VXX, and put on JETS (nothing on USO, as I don’t think it can get much lower than it already is). As the market doesn’t react to the rising case numbers in the US (and maybe more importantly, in Ireland, where they have a horrible outbreak), do you think the market might just factor the coming outbreak as a net positive, since everyone will be either vaccinated or immune after it? Also, vaccine distribution in the US seems to be accelerating, the British strain seems to be a bit less contagious than thought in December, and otherstrains that might or might not be affected by the vaccine were discovered. Have you changed any of your investment plans? Personally, I have options for both March and June, so I will either sell in a COVID related crsis, or sell the March ones at the first reasonable opportunity after March 1st, and the June ones at the first reasonable opportunity after May 1st, but I’m not sure how optimal that is.