Last week the market took a 4% dump. Of course, after being left with nothing time after time, over the last 7 months, I got out of my puts ...too early. UGH!! Now I am praying for a bounce so I can load up on shorts. puts whatever. I want to be sure and catch this upcoming sell off. Question is how high will the bounce be. Will spx go to 1110, or 1124 or 1144?? or continue selling down. We will see but at least we've finally got some movement after this long melt up. VIX was up 48%! A week ago options were dirt cheap... now they will cost you a bunch. Another reason I sold out of my Feb puts too soon.
thats all for now folks.
Sunday, January 24, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment