Let's be real about today's rally

It's all narrative. ZERO foundation. Sure, tariffs are temporarily lowered to 10% for all compliant nations, but China remains ridiculously tariffed and seems unlikely to budge for the foreseeable future. In fact, I expect them to retaliate again tonight (though that will be priced in by the time the market opens again).

April 11's Q1 reports from the big financial institutions will probably feed the delusion that the market is in recovery, since the effects of tariffs won't be considered by design (he deliberately chose April 2 to be "Liberation Day" for this very reason.)

My thesis is that the bulls will be right in the short term, but bears will win in the long. The question now is how to translate these facts into actionable options trading strategies. Are calls on SPY for this Friday a good idea? How about puts for the end of Q2?