SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Idea Of The Day
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IQBAL LATIF who wrote (37465)3/23/2001 8:45:34 AM
From: Cabo Eddy  Read Replies (1) of 50167
 
I am short and I was begging for a rally! Index put option premium was so high it was limiting the amount one could make by being bearish. It's been a great 2 weeks and we need a nice bounce (hopefully near DOW 10,000) to get major short again.

Just for your info, not all who are bearish get creamed on a reversal. I was talking yesterday about support at DOW 9200 (your call at SPX 1080 was better) and I implemented a "Reverse Ike" strategy by buying 3 times my short position in index calls (my first call purchase in a month). I would love to see a rally here, dump the calls, roll it into puts, and then back down hard.

Please don't get overly positive here, that would be way too premature. There was also too much call buying yesterday. We will head back down, I just hope I can pick the right spot to dump my calls.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News