No sweat. It's just what my gut tells me. The volatility lately has been pretty significant and I think it's actually interfered with the bounce that was underway until Friday.
So while I'm bear biased bigger picture (I think we find new recent lows in late March / early April) , I also havent ruled out the bounce of the last two weeks still being intact.
Do I put that at a high probability? No. Which is why I am 3/18 put heavy. I did buy the 2/19 calls for bounce protection against a prolonged bounce. The exp dates and powder available allow me to allow both to play out going into Monday. I'm pretty sure I'll have an idea of what to do with those calls at the open. We gap down I'll wait and see if we pivot and possibly avg down and sell on a bounce. We gap up or love up I'll ride them until the chart runs out of gas.
My 3/18 puts will ride out whatever happens as I'm pretty committed to 182 test before 3/18 and I'm very green with powder at my disposal.
Not a technical answer, but an honest one. I'm not a perfect trader. I follow my instincts, usually leave myself some flexibility in terms of time and powder to correct mistakes , and us pretty basic TA as my guide.
Best of luck tomorrow and this week
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