My opinion os that you should be able to make your money on them by the end of October. Then get ready for a Santa rally, if we get one this year.
The way I reason it is, unless we have broken some significant support levels and there is some real fear in the market we dont seem to close at the lows on a extended range down day. So the last half hour is either a short covering rally or chop. m2c
i agree. my target date for mkt drop was october. bought them for december so that the time premium wouldn't erode too badly before i had a chance to sell.
When did you add ? So 2.5% of TC would be greater than a 15 point stop, so right now your stop is around 7-8 points ?