Some traders raised the question whether we hit rock bottom yet and now we are going to see the start of another bull run.
Nobody knows, but I highly doubt that we hit the bottom. Today's upwards move, in my opinion, is just a bit of pressure release in the bear market and we will see further declines. At the end of the day, we still have major inflation in most countries.
So what's my trade for today?
I thought I try my luck again with #AAL (#AmericanAirlines). It's been good to me multiple times over the past few months so hopefully it will work out again. The IVR is still fairly high so a wide strangle 13/19 pays good.