I don't say that. I am short puts here as well. I am watching the sep 22.00 put strike very closely. Could go as low as 20 for all I know but I think it will rebound. Good trading.
I just bought @ 24.10. I'm a newbie at this, so while I could have gotten a lot more, I don't feel comfy messing with stocks yet. Am I going to eat this? Tune in next time, same bat time, same bat channel.
look at a 2 period average true range on a daily chart you are fading volatility in a sense, but its pretty high right now. Good trading.
Since the buy isn't on margin, I can pretty much deal with a lower move without any issues. I guess I just have to consider whether we're closer to the bottom than the top
Motherfxxxking AIG Taking the whole Financial down with Him I am holding Call on option and stock on merrill : (