Ok, here is the play for now

Discussion in 'Options' started by mikeenday, Jul 21, 2011.

  1. mikeenday

    mikeenday Guest

    buy some SPY/QQQ puts ATM.

    wait till last 5 minutes before market closes tomorrow,
    IF index dont revese, sell these puts.
    Otherwise hold them.
  2. I have done well on SPY today with a call. Also in QQQ with a call. I didn't get into that until I was out of SPY and may have waited too long. Such is life.