Will the S&P go to 1000 or 1200 ?

will the S&P hit 1000 or 1200 first?

  • 1000

    Votes: 60 39.0%

  • 1200

    Votes: 80 51.9%

  • I cannot give an answer at this time

    Votes: 14 9.1%
  • Total voters
    154
What is the point of this question? It always comes up in one way or another. The market does not care what anybody on here thinks will happen. Whether it goes to 1000 or 1200 is really a coin toss. Sometimes you will be right, sometimes you will be wrong. If there is a strong trend currently happening, just trade with it. If not, do not trade.

D
 
Quote from d-rock1080:

What is the point of this question?
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Good question.

The point of the question is obvious. This is the stock market we are talking about. If the S&P is @ 1125.6 and I think it will hit 1000 before 1200, I can make alot of money. I can make alot of money many ways. I can sell 1200 call options if I do not think it can reach 1200. I can also short stocks aggressively knowing there's a 10% correction coming with little upside left.

There are other ways to profit from knowing the direction. Anyone else want to throw in their 2 cents?
 
Quote from fly down:

Good question.

The point of the question is obvious. This is the stock market we are talking about. If the S&P is @ 1125.6 and I think it will hit 1000 before 1200, I can make alot of money. I can make alot of money many ways. I can sell 1200 call options if I do not think it can reach 1200. I can also short stocks aggressively knowing there's a 10% correction coming with little upside left.

There are other ways to profit from knowing the direction. Anyone else want to throw in their 2 cents?
More...

So let's say you sell $20,000 in October expiry 120 calls on the bid price early Monday morning. Let's see how you do. Remember, if you are wrong and the index crosses in the money it would be very costly. Remember the premium also reflects how bearish some of you are right now.

Let us know if you pulled the trigger and made the trade on Monday. I expect a quick push up on the open Monday which should be the ideal time to make your trade if you really believe in it.
 
Good points. But what I am talking about is trading on seeing the direction, and not on knowing the direction ahead of time. I used to play that game and eventually my ego became completely destroyed. Which is a good thing. I trade what I see, not what I expect. This is not the first time this philosophy has been mentioned here on ET.
 
Quote from Nine_Ender:

So let's say you sell $20,000 in October expiry 120 calls on the bid price early Monday morning. Let's see how you do.
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Ok but actually I would sell S&P 500 Oct 1200 calls. But your idea is OK as the option is much more liquid.
 
Quote from fly down:

Ok but actually I would sell S&P 500 Oct 1200 calls. But your idea is OK as the option is much more liquid.
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I don't trade SPY's but I checked online they list as 120s. We are talking about the same trade. Potash acquisition talks and rising commodity prices this morning mean the bull is still on.
 
I want to know where its headed after 1200? Do bulls come out and get greedy like 1999 and 2007 and keep buying up the market until it peaks and then drops another 30-50% where the market now has to start all over again, seems to be the case for the last 10+ years, push the market to its limit and let it collapse only to start it all over again, I feel the same thing happening now. What the next catalyst will be is beyond me at this moment, bubble ben bernanke and friends can only spend so many worthless trillions to prop up an entire world economy.
 
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