I know because I bought puts today.
Market will turn tomorrow for sure.
- Thread starter chrismontez
- Start date
I think he meant mkt will go higher now that he is short
"I think he meant mkt will go higher now that he is short"
Bingo, you got it. I really should publish a newsletter lsiting my trades, it would be a great contrarian guide.
Bingo, you got it. I really should publish a newsletter lsiting my trades, it would be a great contrarian guide.
haha I have been holding some puts for a little while and began adding to some long term long positions I want to try to make the market tank.
I think maybe a little bounce from 875 and we keep heading down tho, but earnings is everything. However housing and employment numbers continue to slide, so I dont know how earnings will save us with all the optimism skewing expectations.
I think maybe a little bounce from 875 and we keep heading down tho, but earnings is everything. However housing and employment numbers continue to slide, so I dont know how earnings will save us with all the optimism skewing expectations.
I did this same thing last year in July, bought Sept 520 puts on the OEX but was too early and they went down. When I got back up to even I didn't hold them or roll them out to the Oct 520's. BIG mistake, those $300 puts finished $10,000 in the money each. This time I'll let them ride and and buy spiders on the bounces if I'm wrong.
