Sell (20) NOV 48.0 strike Puts @ 0.39 = $(780)
Sell (20) NOV 49.0 strike Puts @ 0.63 = $(1,260)
Buy 20 NOV 50.0 strike Puts @ 1.00 = $2,000
Sell (10) NOV 52.5 strike Calls @ 0.44 = $(440)
Initial Trade P&L = $0
Jim Cramer discusses not discussing the 'market' and also suggests a Darth Vader-Amazon meeting.
We forget that a big hedge fund or mutual fund switching out of tech winners into everything else can roil the market.
Jim Cramer discusses bonds and also talks about why panicking off the Fed is a superbad idea.