this goes with the russel 2000 tons of march 76 and 77 puts went of friday, i think they will expire worthless http://i11.tinypic.com/2dcfgwh.gif
russel 2000 took one of the biggest falls this week, off more than 6% to 775, may have a climb to the 785-790 area this week.
I'm keeping an eye on it tomorrow, if it dumps to 77 or 76 and looks like a rebound then I'll look at the calls, I just can't believe their going to let all those puts go in the money, might not rally huge but I think they will hold it up above the 77 mark
I stopped following IWM, follow UWM and TWM, New ETFs released by Proshares. Looking at UWM, if it drops to 66-66.50 area may buy for a bounce back. Think the russel could bounce back to 785 area.
I bought the 79 calls wed and fri. Probably early, IF we get a bounce, which I'm not sure of now. If the psychology has really change we will probably see a rotation out of small caps to large cap value. After all, that money has to go somewhere. PS: It's 10:56 PM EST and the asian markets are taking a pretty good hit.