"What happened to those Spy Puts?"pic.twitter.com/JUJOkgy1oo
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I think the only two most likely sparks to snap the market out of its collective delusion are a second wave or Q2 earnings (Q1 earnings have been fine because it really only included ~2 weeks of lockdowns). I'm gonna start rolling out to August accordingly...
I find it telling that AMZN was the only FANG stock punished after earnings, and also Bezos was the only CEO to be honest and give Q2 guidance, everyone else was just coy and gave no projections at all!
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