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Thanks for your reply bitstream. I too see this as a breakout, but the daily indicators , DMI etc are at an extreme. Maybe best to wait for a pullback into support to then sell premium? How would you construct your particular spread? What would be your strikes ?

Hello. What do any of you think of selling December 12750 puts here? I want to get long the index but fear this is not entirely the right entry point. Will this continue to zoom? Pullback? What support / resistance levels are you looking at? Any other strategies and positions you are running...

Hello everyone : I used to trade the bigger pit traded DJ futures; and am now enjoying the smaller active YM futures. Yesterday I sold 1 March 10,000 put at 278 and 1 March 10,700 call for 236 pts. Breakeven is around 9500 and 11,200. Any thoughts on this strategy? I doubt the DOW will trade...