Realize, of course, that we could send you into any country and we can roll over it and impose US rule and “make it better” but that doesn’t mean it’s right. There’s a very fine line between and I’m not sure that any of us know were it is but that, to me, is the value of discussing it and hearing everyone’s point of view.

Meanwhile - FED CUT FED CUT PARTY TIME EXCELLENT - WOO HOO….

What madness. New post is up, let’s continue over there but SO WHAT! If you were freaking out - do what you wish you would have done on Friday, don’t assume this will change everything, it’s just a band aid on a severed limb.

Sounds good, agreed we should continue AH.

I had no idea you had served in the armed forces, so my utmost respect to you. Even though I am not in the services, I am from what the State Department refers to as “one of the most dangerous places on earth” Kashmir, India. I lived there in 1995, when I was 15, during the height of violence. I am no stranger to the IED, and have seen and felt the affects first hand.

Anyway, we’ll continue after hours. Time to batten down the hatches, theres a mighty storm brewin.

Many thanks for your service. It is most appreciated and I am glad there are courageous Americans (like you and your wife) who are willing to serve under the most difficult of circumstances.

Unlike Ramana, I am in somewhat a panic mood, but I would like to panic in an orderly fashion.

Earlier you wrote

“Turn your longs into put/call spreads - If you have 10 GOOG June $620s at $57 and they drop $10 at the open, buy 5 $20 Feb puts (with $5 stops), even if you have to sell 2 to do it. At this point, if you can’t roll down a caller effectively (1st choice) you just want to get neutral to ride this out. If you have (like me) a ton of open positions, you are better off with index puts but I stress only if we open down 5% and keep going lower or weak bounce off a 20% retrace (120 dow points from the bottom, 20 Nas points, 15 S&P points). XXX”

First choice is to roll down the caller.
If your leap is say strike $50 and your stock has opened at $40, would you a)cover with Feb 40 or would you go out further and cover at a price which will pay for you to roll yourself down. (I realise that there is margin requirement to sell a cover with a strike lower than your long, this would be a temporary measure)
b)When would you start selling covers? at the open or wait and see?
c)Would you buy index puts at the open? You said yesterday to buy liquid April puts and sell against.
d)For uncovered longs on Apple (July & April 165) is the best strategy the put/call spread because it will not be possible to sell against?