These two sites do a good job in explaining some of the basics

When I started with options they helped a lot.
If you are looking for videos then TD Ameritrade has a good education section
The demo account worked when trying to access the videos.

Market slowly pricing two rate cuts and the PBOC continues their stimulus that has lead to the Shanghai Composite to be barely down even today

To add to the sharing above:
1. The more FEAR in the markets, the HIGHER the premiums U can get as a seller,
eg if I sold a 50 day contract 150 strike price on MMM last week, can get $6.00 (*100 units per contract)
VS
if i sold the same expiry & strike price contract yesterday, i can get $8.00 (*100 units per contract)

2. Usually, the more days to expiry (DTE), the higher the premium U can get as a seller.

3. Premiums are NOT taxable on NRA (Non Residential Aliens) VS dividends are taxed 30%, thus collecting premium may be more worthwhile in addition to getting dividends IF the stock is PUT/ASSIGNED to U - usually when market price < strike price sold.

Damooncake's method seems similar to mine coz we sell PUTs on stocks we want to collect anyway, at strike prices we want to pay anyway.
Thus, U need to be able to "pickup" the stocks (U need enough capital) if your option contracts are ASSIGNED. THen turn around and SELL CALLs at prices U are OK to sell the stock for

i'm getting itchy now heheh - MMM, XOM, CVX even SPY & NOBL

Yeah
They have already said they are reducing their repo operations for next month but I am still watching the balance sheet.

The FED balance sheet hasn't moved much since the start of the year after their mega run from October. They update it only once a week unfortunately.

Wow... SPY almost 15% discount from last week close. I was only expecting 10%-12% discount.
280 better hold.. last chance. 

Next week, lots of calls to sell.

Liquidity provided and low interest rate by central banks could spur demand but has little impact on supply chain interruption or supply shortage.

I still think it's a good buy now. But depends what company you buy.
Companies like Apple will use their spare cash and the cheap debt to do buybacks especially when the share price is low. When things get better, their EPS will be significantly higher pushing the share up even further.

Not unlike GLC in this country, syok sendiri.

I see this repeated many times on investing forums and in the news. This statement is only partially true and is a shallow way of thinking how CEOs and CFOs manage their company. This is a topic on working capital management. We as shareholders do not know what is going on in the company and we leave it to the management to make decisions. I'll try to explain with an example.

Firstly, let's say Apple has $10 billion cash from profits sitting in their bank account giving 1.5% interest p.a.
Of course they are actively looking for investments. However, if there are no good investments why invest?
E.g. Apple feel they cannot expand organically at the moment but may be open to acquisitions in future.

Now when shareholders invest in Apple, they want a return greater than the risk free rate of course.
Why invest in Apple just to get 1.5% p.a.?  So Apple's cost of equity is definitely higher.

Rather than leaving this cash in the bank at 1.5% interest p.a., Apple can distribute this $10 billion back to shareholders either in dividends or share buybacks.
Dividends are not as attractive as share buybacks because dividends are taxed higher that capital gains tax in US.
Therefore, they perform buybacks instead while there tax rates are low.

This is the best time for US companies to perform buybacks because Trump lowered the corporate taxes since he is in office and debt financing is very cheap.
I don't quite understand what you're trying to say here. When you are a shareholder, you are the shareholder. There is nothing wrong with being minority or majority here because share buybacks does not favour one party. When share price goes up because of buybacks, both benefit. It's not like minority shareholders get a lower share price.

In case you didn't know, shares bought back by the company are owned by all shareholders. It's not like majority gets to own the shares. Minority owns them too.
Everyone owns a portion according to % of ownership in the company.
Also, these shares are cancelled or can be redistributed back to all shareholders in future.
Bank of Japan is not the company. When they buy shares, it is not a buy back but an investment/contractionary monetary policy via open market operations.
Why it's not a buyback? Because these shares are not cancelled. Meaning the number of shares outstanding remains the same and thus EPS and DPS remains the same given the same level of profit.
Growth using acquisition is one possible way of reinvesting profits but what if there are no good companies to acquire now?
You cannot simply buy over companies just because you have cash. Even worse if you make the wrong decision (i.e. acquire a terrible company just for the sake of acquiring).

Also, there are many variables involved. You cannot simply acquire just because you feel like it.
Let's say Apple has the cash to buy over McDonalds. But why? Does McDonalds fit Apple? Does Apple know how to run a fast food restaurant? No.
Wrong acquisitions may have serious consequences especially when there is a corporate culture mismatch.

I wonder if a 20% drop is possible.  

What I meant is 20% drop from yesterday price over say 1 month period possible?

Based on my drawings, S&P currently in wave 3. Wave 3 is usually the strongest wave.

I used Elliott Wave and Ichimoku. I don't use Fibonacci because i don't know how to accurately use it.

If you see 12345ABC that is EW. (Recently learning)
If you see lines that is Ichimoku price projection.
Using TA, FA or whatever A is not a problem. The only problem is how accurate is your A.

ES

H4 Before: https://www.tradingview.com/x/VqZdVToc/
H4 After / Future Projection: https://www.tradingview.com/x/WEXhCpvO/
H1 After / Future Projection: https://www.tradingview.com/x/193XvtdN/
H1 09/03/2020 10.30AM Future Projection: https://www.tradingview.com/x/qZVsr8w9/
      My opinion is to touch 2673.75 and bounce

H1 10/03/2020 1.20AM Current https://www.tradingview.com/x/DMxd6mMn/
Note:
**9/3/20: Each line is the support or resistance mainly for the stated TF. Newly added line will be in Red before changing to Blue (after) since someone asked