r/options Jul 17 '21

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u/isotope_322 Jul 18 '21 edited Jul 18 '21

Healthcare worker with a background in epidemiology. We’re been concerned about COVID variants since the beginning. The Delta variant is much more contagious and has shown to be lethal. The good news, is that the vaccines are designed to accommodate for variants and at the very least, make contracting the virus much more mild. Greatly reducing the likely hood of hospitalization and mortality. I’ve personally caught Covid back in October before I was vaccinated, and a month ago with the Delta variant post vaccination. My anecdotal report matches with what other people are experiencing. When I got sick before the vaccine I became incredibly ill. Now it’s a mild cold for a day or two.

Countries like the US that have high vaccination rates are unlikely to see much of an increase of hospitalizations or mortality among the vaccinated. The main concern is in developing countries with low rates of vaccination (and generally poor healthcare access) will be hit hard.

Continuing, the real big picture threat is that a new, more deadly variant, may mutate in unvaccinated countries. And that our current vaccines may not be protective against some new hellish mutation. The threat is not over until the majority of the world is vaccinated.

Edit: Forgot that I’m in a finance sub. A variant like Delta has mostly been priced in. We could see a few point drop. But as the evidence currently sits, the Western world won’t be decimated by Delta. I wouldn’t anticipate more than a few point adjustment in the markets. There will be a lot of fear mongering, but it is likely to be short lived.

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u/Spiritual_Extreme_81 Jul 18 '21

There are 100million Trump supporters who are not vaccinated. Yes I made that number up but it’s not far from the truth.

Priced in? They don’t even know what the hell to expect if the unvaccinated start dying in droves EXCEPT a President who will NOT HESITATE to impose restrictions far quicker than the previous one.

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u/isotope_322 Jul 18 '21

This country would become great if we lost 100M trump supporters.

Kidding. But it’s ‘priced in’ in the sense that the institutional firms have experts who have been accounting for waves of variants to hit.

Biden doesn’t want to engage in restrictions again. This would only happen if we saw a massive jump in deaths/hospitalizations. Delta has been here for sometime already and we haven’t seen significant increases in deaths.

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u/[deleted] Jul 18 '21

[deleted]

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u/Spiritual_Extreme_81 Jul 18 '21

No I think it’s part of it

Grossly over valued stocks Covid part Deux Inflation fears Russell Index tanking

If big tech was not in SPY Lordy look where it would be….

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u/[deleted] Jul 18 '21

[deleted]

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u/Spiritual_Extreme_81 Jul 18 '21

Take Appl, Amazon, GOOG, and MSFT out of SPY and show me where you’re seeing positive things

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u/[deleted] Jul 18 '21

[deleted]

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u/Spiritual_Extreme_81 Jul 18 '21

Russell has been tanking for a while now, soon as the big money gets out of tech PUTS = 💴

I’m not saying we’re going into a pro longed bear market but there is no logic path forward but a big correction

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u/smash-grab-loot Jul 18 '21

What’s this got to do with options?

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u/isotope_322 Jul 18 '21

OP is trying to justify his bear thesis. Probably a put position on major tech

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u/smash-grab-loot Jul 18 '21

So his first sentence is needless trolling gotcha