Gotta love ZERO RISK in the SP500 = $$$

Another bullish piece of news:

Builders Survey at 16-year Low
5/15/2007 1:06 PM EDT
The National Association of Home Builders' (NAHB) monthly Housing Market Index (HMI) fell back to a 16-year low, falling to 30 from 33 in April. The consensus was for a reading of 33 (readings below 50 indicate conditions contracted during the month).

Very bullish IMO. Rate cut coming :D
 
The investors who continue to buy puts, when they do get it right, they are going to make a ton of money.



As we head into another options expiration, we have seen a steady rise in put positions on the various broad-market exchange-traded funds. Since April 23, put open interest in the May and June series on the iShares Russell 2000 Index Fund (amex: IWM) has skyrocketed by more than 1 million contracts. During the same time frame, call open interest has increased by fewer than 370,000 contracts. As a result, the ETF's Schaeffer's put/call open interest ratio (SOIR) has risen to 2.21, its highest level since April option expiration.
 
Quote from makloda:

Another bullish piece of news:

Builders Survey at 16-year Low
5/15/2007 1:06 PM EDT
The National Association of Home Builders' (NAHB) monthly Housing Market Index (HMI) fell back to a 16-year low, falling to 30 from 33 in April. The consensus was for a reading of 33 (readings below 50 indicate conditions contracted during the month).

Very bullish IMO. Rate cut coming :D


nothing like a rate cut, we need one right away.....only way to keep this market running....
 
Quote from S2007S:

As a result, the ETF's Schaeffer's put/call open interest ratio (SOIR) has risen to 2.21, its highest level since April option expiration.
Very bullish for equity markets IMO. High level of pessimism = more bears to be squeezed = more $$$ for all overnight longs!!!
 
Quote from makloda:

Very bullish for equity markets IMO. High level of pessimism = more bears to be squeezed = more $$$ for all overnight longs!!!

Thats why i love selling naked puts at any price/strike, I figure anyone buying from me must just be stupid and doesnt deserve to have money. Hey free is free. Not like i'm going to lose.
 
Quote from Restricted:

Thats why i love selling naked puts at any price/strike. Hey free money is free money. Not like i'm going to lose.
Same here it's amazing but there's always some morons willing to buy them!!!!!! I just hit their bids and sell them puts :) I am not sure who these boneheads are but I love pocketing their money!!!!! 100% risk free.
 
Best of luck all..


talk to you after the 20th......



time to get back to vacation in NYC!!


as a side note....

breakfast at Norma's in Le Parker Merdian was awesome!!!
 
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