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Adding to MGM

I am buying back the MGM Apr 20 Call for 0.30 on the severe share price drop and buying shares outright. The new position is

MGM Apr -17 Put for 3.00 credit.

MGM 100 @ 9.77.

I will consider selling calls on a pop in share price or buying more shares or selling puts on another share price drop.

I am expecting much more volatility. Peak panic hasn’t set in yet considering peak COVID-19 cases in New York are estimated to occur about May 01.

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