I have covered options expiring tomorrow both in SPX and on Deribit in crypto. Despite the sell off in SPX and the run up in Bitcoin, my options seem in order but I just need stay on top of them, because while they are profitable they are dangerous af.
It's mostly about crossing the t's and dotting the i's today, make sure I know what I am opening tomorrow. Some are just going to be same positions but some will be moving from covered calls to covered puts ( in bitcoin mainly).
Not overly worried about the sell off in the traditional markets, I think people are just worried about high multiples, but it is my opinion companies that survive this recession deserve higher multiples. I think a lot of analysis' still think of tech with an eye on 2000. That's wrong big tech is now utilities, just with great growth. Therefore deserving of these multiples.
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