Discussion in 'Trading' started by chrismontez, Jul 8, 2009.
I know because I bought puts today.
Sh*t let me get this hoe out of my bed and go buy me some puts.
P.S. You damn sure about the puts dude?
I think he meant mkt will go higher now that he is short
"I think he meant mkt will go higher now that he is short"
Bingo, you got it. I really should publish a newsletter lsiting my trades, it would be a great contrarian guide.
haha I have been holding some puts for a little while and began adding to some long term long positions I want to try to make the market tank.
I think maybe a little bounce from 875 and we keep heading down tho, but earnings is everything. However housing and employment numbers continue to slide, so I dont know how earnings will save us with all the optimism skewing expectations.
I did this same thing last year in July, bought Sept 520 puts on the OEX but was too early and they went down. When I got back up to even I didn't hold them or roll them out to the Oct 520's. BIG mistake, those $300 puts finished $10,000 in the money each. This time I'll let them ride and and buy spiders on the bounces if I'm wrong.
Goldman just stuck a long one up your butt
What a classic turnaround going into the close.
got to like it.
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