General Stock Ideas

[bigworld]

gfp: Hello. I was preoccupied over the last 36 hours with a nephew in the hospital in Las Vegas with Covid Pneumonia. He was pretty sick when he got to the E.R....105 fever and Oxygen Saturation at 78%. It hit him hard and quick. He barely started feeling a few symptoms and before he knew it he was intensely ill. Luckily he's only 25 years old and he's strong as an ox. So it looks like he will pull through OK. At least that's what it looks like. He got dexamethasone, Remdesevir and a plasma antibody infusion. They are weaning him off oxygen at the moment.

He probably caught Covid on the bus going to or from work. He can't drive due to a difficult to control seizure disorder. He gets petit mal "absence" seizures. They don't last long but he can't risk the lives of himself and others by driving. He can't ride a bike either. Great kid though. He called me a little while ago and told me not to worry about him, that he was feeling better.

So I have only been paying the markets a cursory glance here and there. I am keeping some powder dry. I think the market might continue to rise with the prospect of $1400 Stimulus checks going out soon. If that causes a spike I think I will be inclined to buy some LEAP Puts at that point. One technical guru has said that the S&P about 4250-ish looks like a top. Another one thinks we might hit 4500. Either way I will buy some slightly out of the money PUTS....if the SPY gets to 420 I'd buy some PUTS dated Jan 2022 with a 380 Strike Price. I'd break even with a 12% drop in the market, and anything beyond that would be a nice profit. We'll see how things develop.