Well you know what that means then. It means he told us all a lie. Shame on him. But I called my secret broker anyway, Alphonse (The Scar) Sabittino and I said "Hey Scar, some guy is saying the market will be down 150 tomorrow. Whadda think?" And Scar said to me "Handsome, we're bringing the market up again tomorrow so who ever is saying such nonsense is just trying to blow smoke up your ass" :eek:
now now lets not be too judgmental short term I am seeing overbought levels tomorrow could be easily 20-30 point drop at least for intra day, and later finish up how do you know you are a great trader when you don't care if it drops or not
...and I sold 1,000 GOOG straddles for twenty-one fifty today. I plan on buying them back at a dime on Friday.
good luck on that trade you brave man. you and I are doing opposites. I have my May calls as my underlying long (variety of strikes) and did opt to buy 2 butterflies... 430/450/470 puts and 480/500/520 calls. My dead zone is your live one. Buy me lunch if I lose. I won't be so disappointed, because my primary position is May calls, and they won't hurt too much with 475 at OE (since I plan on holding after).
bluestreak you being back only means one thing, new highs on the DOW tomorrow morning before the markets even open based on some good CPI numbers. The chance of a 150 point loss on the dow tomorrow is 0.5%%%%%.....if its down 150 tomorrow you can post all the "dow will be down 150 points tomorrow" anytime you want.
I think it will go down but will rebound quickly. I will jump in to buy dip rather than riding the bear