Puts

I agree with TrendFader. EXPE has higher highs and higher lows ... not a candidate.

 

Why did you buy puts? What's the plan?! Did these equities reverse/top?

Ice

 

I bought the puts on EXPE because I feel the top is in and there is plenty of chances for bad news in this market as opposed to good news right now.The travel industry is so fragile at this moment with SARS , Terrorist, economy bla bla bla...any negative impact from one of these events and stocks like bubble boy EXPE should get killed.

As for JNPR the stock is overbought and I can see it retracing back below $10 over the next 1-2 months.

Thoughts?

 

Here are my thoughts...

First of all.. I dont think its a great idea to place a short based on a possible future terrorist attack...

SARS is alreay priced in.. its very old news...

As for JNPR.. there is no such thing as overbought.


--MIKE

 

If you're so sure its going down, why not sell calls.