Hypothetical ?

fandyur · Oct 22, 2014

IF YOU KNEW WHEN THE TOP IN THE DOW OR S&P WOULD BE AND KNEW THERE WAS A CORRECTION COMING.
WHAT WOULD THE BEST THING TO TRADE?

1245 · Oct 22, 2014

Buy VIX CAlls
Buy Puts in either SPX or RUT

Dolemite · Oct 22, 2014

fandyur said:
IF YOU KNEW WHEN THE TOP IN THE DOW OR S&P WOULD BE AND KNEW THERE WAS A CORRECTION COMING.
WHAT WOULD THE BEST THING TO TRADE?

Create a website and post what you see coming and then you can sell a newsletter for years to come pointing to how you have cracked the secret market code.

Buy puts and sell a bunch of calls to finance

fandyur · Oct 23, 2014

1245 said:
Buy VIX CAlls
Buy Puts in either SPX or RUT

THANKS FOR THE REPLY.
I was thinking of buying calls and puts in the SPY.
Would I not get more bang for the buck with that?

jimmyjazz · Oct 23, 2014

Why would you buy calls if you thought the top was in?

Yasir · Oct 23, 2014

CALLS of VIX he meant.. duh !!

fandyur · Oct 23, 2014

Again, thanks for the reply.
What I meant was just trading the SPY.
When I think a correction is coming, I would buy puts.
When I feel the correction ended , I would buy calls.
Just staying with the SPY, would that make sense?

jimmyjazz · Oct 24, 2014

Yasir said:
CALLS of VIX he meant.. duh !!

Really? "I was thinking of buying calls and puts in the SPY."

Yasir · Oct 24, 2014

lol.. U truely are a "Jimmy"

fandyur · Oct 24, 2014

are you serious?
I'm new to this and if you came to the same conclusion about just buying the SPY