17 min
The Quarantine Playbook The Option Genius Podcast: Options Trading For Income and Growth
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- Investing
People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book!
Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.
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Today, I wanted to talk about creating a quarantine playbook. Obviously this corona thing has changed things. Everywhere you look, people have been affected, and we've been doing podcast episodes about this for a few weeks. It's on top of everybody's mind. It's what everybody's thinking about. It's affected, everybody.
And luckily now we've gotten to the point where everything is ... A lot of things are reopening. Some are already open, some are getting ready to open or they're opening slowly. I'm in Texas, and they opened a couple of weeks ago. I think gyms are open this week. Restaurants are at 50% capacity. Doctors are open. They're taking patients and everything. So, things are trying to get back to normal, but there are still a lot of people who think that things will never get back to normal.
We really don't know what's going to happen. Nobody knows. Everybody's trying to predict. Hopefully there's a vaccine or not or what, but it has really thrown everybody for a loop. We had a mandated recession, right? Bear market, 35% drop because of this virus. You already know this. You're probably watching the news. You've been listening to me, trading this market. And it's been difficult because it's something that has never been done before. We've never seen it before. Right?
But the numbers are going down right now. Depending on what state you are, fatalities are going down. I know in Texas, we're in Texas, the numbers are actually going up. Numbers of how many people sick with the virus are actually going up because now they're testing more people, but they're still opening it up. Hopefully the deaths will continue to go down. People who are sick or the virus will continue to go down. But the experts say that when everything opens up again completely, the virus can come back. If it doesn't come back now, in a month from now or two months from now, it can come back when flu season starts, at the end of the year. September, October, whenever it starts getting a little cooler, flu season is going to come, and they're saying that corona is going to come with it.
So are we going to have to start shutting down in a couple of weeks if cases go back up? That's what some of the governors have said. Even in Texas, pure Republican, they are saying that if the numbers get out of hand, they're going to start shutting down again. If it comes back with a vengeance in September, maybe they have to shut down again over then. So we need to be prepared.
Even if this virus is eradicated, maybe a vaccine comes out tomorrow and we don't have to worry about corona ever. Well, that's not true, because it's going to take a while to get everybody vaccinated. And there's still going to be those people who do not want to be vaccinated and refuse to be vaccinated. So we'll still see about that.
But this is one virus which can easily mutate. There can be other viruses, other pandemics, and as the world is getting closer and travel is getting faster, it's just going to increase. So if there's a virus, if there's an illness, there's still Ebola out there, SARS is still out there, Zika is still out there, H1N1 is still out there. All these diseases are still out there. They have no cures for them. They can easily transfer to us in the United States, or maybe there's a virus that starts h
People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book!
Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.
--
Today, I wanted to talk about creating a quarantine playbook. Obviously this corona thing has changed things. Everywhere you look, people have been affected, and we've been doing podcast episodes about this for a few weeks. It's on top of everybody's mind. It's what everybody's thinking about. It's affected, everybody.
And luckily now we've gotten to the point where everything is ... A lot of things are reopening. Some are already open, some are getting ready to open or they're opening slowly. I'm in Texas, and they opened a couple of weeks ago. I think gyms are open this week. Restaurants are at 50% capacity. Doctors are open. They're taking patients and everything. So, things are trying to get back to normal, but there are still a lot of people who think that things will never get back to normal.
We really don't know what's going to happen. Nobody knows. Everybody's trying to predict. Hopefully there's a vaccine or not or what, but it has really thrown everybody for a loop. We had a mandated recession, right? Bear market, 35% drop because of this virus. You already know this. You're probably watching the news. You've been listening to me, trading this market. And it's been difficult because it's something that has never been done before. We've never seen it before. Right?
But the numbers are going down right now. Depending on what state you are, fatalities are going down. I know in Texas, we're in Texas, the numbers are actually going up. Numbers of how many people sick with the virus are actually going up because now they're testing more people, but they're still opening it up. Hopefully the deaths will continue to go down. People who are sick or the virus will continue to go down. But the experts say that when everything opens up again completely, the virus can come back. If it doesn't come back now, in a month from now or two months from now, it can come back when flu season starts, at the end of the year. September, October, whenever it starts getting a little cooler, flu season is going to come, and they're saying that corona is going to come with it.
So are we going to have to start shutting down in a couple of weeks if cases go back up? That's what some of the governors have said. Even in Texas, pure Republican, they are saying that if the numbers get out of hand, they're going to start shutting down again. If it comes back with a vengeance in September, maybe they have to shut down again over then. So we need to be prepared.
Even if this virus is eradicated, maybe a vaccine comes out tomorrow and we don't have to worry about corona ever. Well, that's not true, because it's going to take a while to get everybody vaccinated. And there's still going to be those people who do not want to be vaccinated and refuse to be vaccinated. So we'll still see about that.
But this is one virus which can easily mutate. There can be other viruses, other pandemics, and as the world is getting closer and travel is getting faster, it's just going to increase. So if there's a virus, if there's an illness, there's still Ebola out there, SARS is still out there, Zika is still out there, H1N1 is still out there. All these diseases are still out there. They have no cures for them. They can easily transfer to us in the United States, or maybe there's a virus that starts h
17 min