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Strategies & Market Trends : TOO BULL FOR SCHOOL!

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To: zentrader who wrote (421)6/29/2010 10:09:43 AM
From: MoneyFriend_2.0   of 880
 
Watch out the Vol is way high and making those calls a poor bet, better to turn them in to verticals. I have a ton of OTM calls and they are hardly down at all today because the IV spike is padding it, which means if you just buy em today they could be down some tomorrow even if the market is up a ton tomorrow. I'd stay on the backmonth, then everything is peachy.

The real options play right now is flys on RUT, you can get em dirt cheap man!
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