dow drops hard and rallies back...nasdaq has been strong all day..if dow turns positive and rallies nasdaq could easily see 2450. Dow seems stuck as of now. Trading at 12450 all day..
Being the dim bulb I am, it took Mav "outing" you for me to figure it all out, LOL. A big favor Bro. How to you calc FV on exotics?
Let me show you what is going on with the COMPQ. http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&b=9&g=0&id=p64940932772 Do you see the pattern forming? The ceiling appears to be 2470 before it bounces back. It has been in a holding pattern since late November. The volume has been good these last few days, but it was also just as good in mid-December when it hit 2470.
On 12/12/06 the S&P was 13 points lower than today's close. http://finance.yahoo.com/q/hp?s=^GSPC&a=11&b=22&c=2006&d=11&e=22&f=2006&g=d
let's try this again...this call was made on 12/22, and is still holding up. If you played my call and sold premium on 12/22, you have made out like a bandit.
Let's try this again. When you posted this after the fact top on 12/22/06 the S&P was at 1410 and change , 141 spy calls were selling for $1. Today they are selling for $1.80. If selling calls and watching them go 80% against you is a making out like a bandit then I would hate to see what losing is. http://finance.yahoo.com/q?s=SFBAK.X