My history does extend prior to 4 months, i've been around here a few years. But like I said, I completely understand where you are coming from.
Using the premise of this thread that the S&P won't see 1000 by 1/23 (or in January) and that the S&P would see 850 before 1000, it was an easy trade to sell Jan 1000 calls. I have also been selling Jan 950 calls, as I don't think it has a chance of climbing to 950 this week. I'd love to hear from anyone that has agreed with me how they have positioned themselves to profit from this slide. Besides selling premium, there are many stocks that are great sales as well!
outstanding I used to take the time to enlighten the boards with startling insight as well as substantive trading topics that were timely, got tired, and have been at it for a few years now.... your premise statements were concise, valid and each worthy of their own thread / thesis discussion, what you have not factored in are these 2 issues which overlap politics, economics and reality: the incredible and amazing will of the American people the desire to change one's lot in life for the better the reality that the popular vote trouncing the establishment and the Republican party for playing them like fools with the two jokers they put up for election, the reality that the vast majority of people in this country saw through those wealthy people saying: the economy is fundamentally sound the reality that for years under Bush-II and all his preplanned over simplification of complex issues of the economy and having been negatively impacted over the last 8 years these citizens are willing and will be putting their backs into it, as it were, once any programs, job structures, rebuilding infrastructure efforts or whatever are finalized all these factors do not show up under normal corporate equity / dividend analysis, hence the normal things that market traders watch these essential human factors are the so called unknown that Obama and his staffers already have factored in and will make the essential difference between what we see and what is achieved, perhaps we rebound before his first 12 months think positive, there are only so many homeless shelters and Bernie Madoff's to go around...
Yes you did. It would be great if others could chime in as well. It's amazing how the maggots come out only to slime, and never to contribute.
You don't have a clue when it comes to trading rover "the follower"/waggie alter ego wannabee. VN got taken out selling put premium. If you bothered to READ this thread, rather than being so insidiously jealous of me you simply attack anything, you would have READ that I would NEVER sell put premium. I've made a great living from intelligently selling call premium though! Better luck next time lap dog!
OMG Are you high rover or just stupid? 69/931 = 7.4% Hindsight is 20/20 huh rover? When I made this great call, the S&P Jan 1000 calls were trading @ $2 7/8. Obviously they were chock full of premium for a REASON! You make it sound like I said sell calls @ 1/8. I didn't. I said sell calls that traded over $3 AFTER I started this thread. The calls depreciated by 90% in a week. That's alot of $$ profit. The call speaks for itself. And your jealousy is so painfully obvious, it speaks for itself. Get lost rover.