Here is some major reasons to by PUTS on the SPY.Symbols are esignal format.
SP500 ($SPX )cash and NASD Comp ($COMPQ) weekly charts just hitting 200 week MA
DOW Jones resistance on horizontal trendlines from 07/20/2001, and downward trendlines from 2000 High at 11752
SPY PUT Options for March 2004 Premium is at $5.70 (at 01/11/04)
I think most options traders are but puts here by the looks.
So What you think....
SP500 ($SPX )cash and NASD Comp ($COMPQ) weekly charts just hitting 200 week MA
DOW Jones resistance on horizontal trendlines from 07/20/2001, and downward trendlines from 2000 High at 11752
SPY PUT Options for March 2004 Premium is at $5.70 (at 01/11/04)
I think most options traders are but puts here by the looks.
So What you think....
