On March 23, Gov. Gavin Newsom made a dramatic announcement: Tesla founder Elon Musk was donating over 1,000 ventilators to California.

It seemed like miraculous news at a moment when the state was desperately searching for ventilators to help save critical coronavirus patients. But was it true?

Newsom’s office now says Musk was supposed to deliver the ventilators directly to hospitals. So far, however, the governor’s office says no California hospital has received them.

https://www.sacbee.com/opinion/editorials/article241982586.html

Up another 80 today
https://www.zerohedge.com/technology/130-billion-tesla-has-unilaterally-decided-tell-its-landlords-itll-be-paying-less-rent

Vix futures and VXX below 40 for the first time in a month

Sold 1 RCL 03/27/2020 33.00 Covered Call @ 0.35

Due to the their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close eight ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the funds’ adviser, Rafferty Asset Management, LLC. Rafferty believes they cannot continue to operate the Funds in an economically efficient manner. As a result, the Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders.
The Funds closing are as follows:
Fund
Ticker
Direxion Daily Russia Bear 3X Shares
RUSS
Direxion Daily Natural Gas Related Bull 3X Shares
GASL
Direxion Daily Natural Gas Related Bear 3X Shares
GASX
Direxion Daily MSCI Developed Markets Bear 3X Share
DPK
Direxion Daily Mid Cap Bear 3X Shares
MIDZ
Direxion Daily Regional Banks Bear 3X Shares
WDRW
Direxion Daily MSCI European Financials Bull 2X Shares
EUFL
Direxion Daily Total Bond Market Bear 1X Shares
SAGG

Bought 100 TNA / Sold 1 TNA 03/27/2020 15.00 Covered Call @ 10.00 net debit.

TNA has dropped from above 70. WOW

Bought 100 HBAN / Sold 1 HBAN 04/17/2020 10.00 Covered Call @ 6.86 net debit

Bought 100 T / Sold 1 T Mar 27 2020 28 Call @ Net Debit at $26.28

Bought 100 M / Sold 1 M 03/27/2020 6.50 Covered Call @ 5.00 net debit
A bet on the company’s survival

Sold 1 AAL Mar 27 2020 17.5 Call @ $0.19

Bought to close 1 FITB 03/20/2020 13.00 Covered Call / Sold 1 FITB 04/17/2020 14.00 Covered Call @ 0.64 Credit + 1.00 better strike

Bought 100 T / Sold to Open 1 Contract T Mar 27 2020 28 Covered Call @ Net Debit at $26.80.
The net price equals the 5 year low on the stock.
Annual Dividend Yield 6.68% down here too.

Bought to close 1 FANG 03/20/2020 25.00 Put / Sold 1 FANG 04/17/2020 22.50 Put @ 0.05 Credit + 2.50 better strike

Bought 100 NUGT / Sold 1 NUGT 03/27/2020 10.00 Covered Call @ 5.00 debit.

And …. it begins
A day after the Big 3 shutdown factories amid the virus lockdown, Ford is out with a kitchen sink 8K as it braces to ride out the worsening economic situation in the US (and worldwide):
$15.4 billion of additional cash on balance sheet, drawing from two credit lines
Dividend suspension to preserve cash and provide additional flexibility in the current environment
Withdrawal of company guidance for 2020 financial performance

Bought a bit more SPDR S&P 500 ETF @ 230.00 to add to my small position.
225 is the next target.

Above 100
WOW.
Just WOW

Bought 100 BA / Sold 1 BA 04/17/2020 85.00 Calls @ Net Debit at $68.39 with the stock @ 99.63.
This is 10 points better than this exact trade yesterday.

Great reading — https://www.zerohedge.com/markets/aftermath-surveying-wreckage-last-weeks-market-nado

Some highlights:

https://www.bgandg.com/svxy-complaint