Sunday Options (5/3/20): Hanging in the Pit with The Impervious

TheImpervious and I speculate on Monday (5/4/2020) and beyond’s action in light of last week’s earnings news and the Oracle’s decision to sell down all of Berkshire’s airlines positions. Sean shares some options plays on $CVS, $DIS, and the airlines. We discuss escalations in China - U.S. tensions and what it could mean for equities (as well as a successful $FXI trade we both executed). We finish off with Sean’s top trading ideas and recommendations on entry and exit identification, position sizing and risk management.