School’s Out For … ?

Hi Shoppers,

 

I am sure you have heard by now that the Chicago teachers have voted this week to go back to remote learning.

 

It was literally announced somewhere between midnight and 4 a.m. on Wednesday morning.

 

The only reason I know that is because Scott wasn’t here so I was pretty much up all night with the TV on, but that is a different story for another time. (Basically, I’m a big scaredy cat.)

 

Every parent with school-aged children woke up to find out their kids were not going to school that day.

 

What the heck??!!

 

 

Couldn’t they have voted during working hours? Or how about during their Christmas break? 

 

I used to think it was all the union’s fault and the union was behind this. After contributing to the Democratic campaign, they were owed. 

 

But apparently here in Chicago, 73% of the teachers voted to go remote learning.

 

I’m sorry, but I truly do not believe they are that afraid of the Covid, especially this milder variant.

 

My heart breaks for those kids that rely on school for breakfast and lunch, not to mention the socializing they are missing and so many other side effects this is creating.

 

Deep down, kids love going to school.

 

It is terrible what is happening to them. The young ones are getting hurt the most.

 

They are saying the kids are not learning to read because they cannot see the teachers’ mouth move.

 

How do we end this??

 

Illinois public schools received $2.2 billion in Covid-19 relief funding.

 

That is four times more than they received in 2020.

 

Of course, our public school in the ‘burbs had to follow suit with a return to virtual.

 

They attended school Monday through Wednesday but went to remote learning yesterday and today, following the Chicago Public Schools.

 

(As the governor of another state once said, “Virtual learning is virtually useless.”)

 

Oh yeah, and final tests are optional!!

 

Which means, if you do not need or want to improve your grade, you can opt out of your final exams.

 

So my son Grant basically is off all next week.

 

I am sorry, I do not know how to fix this but I just think people need to be aware of what is going on and I just can’t help myself from b%&ing about it.

 

How much are tickets to Florida?

 

Now, for allowing me to vent …

 

I have a trade idea I think you’ll like

 

Take a Look at Chevron

 

Check out the hanging man in Chevron (Ticker: CVX):

 

 

CVX has had a nice little run up since the Dec. 20 low of $110.73, up to yesterday’s high of $124.32.

 

I think yesterday’s doji could be signaling a pull back to $119.

 

If CVX opens and trades lower tomorrow, I will be a buyer of the Jan. 21 puts expiring in two weeks:

 

 

      • I will buy the 123-strike puts with an implied volatility of 19.80 and sell the 118-strike puts with an implied vol of 22.21.
      • Buying a lower vol and selling a higher vol gives me extra edge in my spread.
      • I will pay up to $1.50 for this spread. I will take my loss if it trades down to $1.05 and I will begin profit taking over $2.50.

 

Thanks for Reading … See You Next Tuesday!

Licia Leslie

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