Black Monday

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Quote from erlewine:

Resurrecting this thread since I'm short index puts over the weekend
If you are short puts you must be looking for an up market.

Why post on a black Monday thread?
 
Quote from wabrew:

If you are short puts you must be looking for an up market.

Why post on a black Monday thread?
[/QUOTE


Because he's a tad nervous that he doesn't see all the doom and gloomers calling for a black monday...
 
There has been MUCH MUCH more money lost by people who closed out their longs on Friday in fear of another Black Monday and bought back later than was ever lost by those who were long on Black Monday.
 
Quote from stock_trad3r:

monday will be another great day

I wouldn't bet on it. I haven't been a serious short in a week but I'm taking the biggest position I can to-night. Tight stop. Just above Friday's highs. I have good reasons.
 
We'll see. Fridays close was so strong I don't see this being faded anytime soon. The Euro 8AM pump will move the futures much higher as was the case last week.
 
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