The below chart shows how severe today's fall was. We have just witnessed a move that that was nearly as large as the one during the Covid shut down. But there is a huge difference: during Covid businesses were forced to close doors. Today, businesses operate 'as normal' (what is normal?).
SnP daily moves
But astute traders know that when there is blood on the street than there are opportunities everywhere you look.
So what's my trade for today?
#AAPL ( #Apple ). Do I need to introduce the company? I don't think so. What's noteworthy though is that the volatility is very high because of the overall market conditions. Earnings is already behind us so it's perfect for a wide strangle.