Matt - these are not normal trading times.  The Fed is pumping like crazy.  The VIX is still high on a relative basis.  So right now my philosophy has been to Run and gun it.  I never trading so frequently in my life.  In and out of positions like a French lady.  

Agreed.  

Call options were relatively cheap ( not cheap from a historical perspective) to me at that time.  I bought airlines, DHR, IBM, and few others.    I have three accounts.  One for retirement (1-2 or less trades a yea)r .   One for trend trades (3-6 weeks) and one for swing/day trades.    My main concern is always, what am I not seeing.   Anyway, just trying to stay alive, healthy and preserve some sort of future for my children and the future.   This virus has exposed this country in many ways.  China owns our supply chain and we are sitting ducks no matter how many billionaires are here in the US.  

How do you derive value in the stock market (price discovery), if not the overall health of the economy?  Then wouldn't it be just a Ponzi scheme if there is no real value?

One thing to note - These earnings are from Q1.   Shelter in place started around 3/15 for the country.  Q1 was pretty much in the can and normal business cycle.  Q2 is where we will have to really pay attention.   That's where you could see the impact.   

Yes.  That's when reality will set in.    Q2 will be a different story.  I know just from some friends that are in the Tech world that I have spoken to recently.  They have said that April everything has come to a screaming halt.  

The new economy is: GOOG, AMZN, MSFT, NFLX, AAPL and FB and a few other tech companies.  FANG.   Banks, retailers, don't need those anymore.

IWM 5/15 Puts ATM. 

In that one too, bought it the day you told me about it (maybe Monday).  

Looking for one more flush in oil, hopefully we get there tomorrow.  will add to my DBO position. 

TWM@12.76

DRV@19.93

SLV Jan 2021 Calls ATM.  

Matt - did you say the reversion to mean system signaled a short today?

Nice trade.   kudos.

DRV@EOC.    Just my trade not recommending to anyone. 

Adding to my SLV position EOD today. 

No.   Maybe by July.     We will have some zig zags but with all the money pumping  that looks more credible now for final wave 5 target.  But you will still have to wait weeks to get your unemployment check.

$SPX - 3400 -3600.

Bear flag on the 15.