One Option Trading Blog https://ift.tt/2DBV9Tj Posted 9:30 AM ET - In February the SPY hit a high of $339 and this morning we will only be seven dollars from that level. The bottom line carnage in Q2 has been completely ignored and a "V" shaped recovery is priced in. Politicians are scrambling to approve a $1.5 trillion stimulus package before they take recess and that is fueling the rally. The Coronavirus continues to spread and it is impeding the economic recovery. The upside rewards are smaller than the downside risks and I am waiting patiently in cash for a better entry point. More than half of …
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