Billy, August is the time to fade equity index moves with long options. Market goes up- you buy a put. I find summertime markets to be easy to trade, the problem is I have to make enough money to get me through September. I agree though it is quite dull, that is why I have been posting so much.
Before you move click below. http://www.elitetrader.com/vb/showthread.php?s=&threadid=65265&perpage=6&pagenumber=23 Rennick out
Congrats on the exit. Looks like a B/E trade for me. Stop at 1271.00 or out on close. I got the entry, you got the exit and Mr. Ren. called the afternoon.
nice entry. my exit was 100% luck, i got out because it got me even for the day, an absolutely pathetic reason to get out of a trade.