Remember yesterday morn I said this>
Keep in the back of your mind that the market can still walk off a cliff at any time. The fact that some of the real crappy big-caps that are moving up after getting close to those "adjusted down earnings numbers" means the big boyz may be holding them up to get suckers to sell to.
We don't want to be fall into their traps...
On top of that, the middle east could become a nuclear wasteland at any time. I think things have changed enough to make this a viable possibility.
Ok, as for options, I only play direction, puts & calls, that is it, and options is my main game, more profitable than the rat stocks, so as you might guess, I have it down.
As an example, I bought a pile of puts yesterday, as I figured the indexes would be selling off today, and they sure are.
As one example, yesterday I had buy orders in for QQQ Nov. 33 puts, with a price of $1 I got filled, last trade just now was 1.40, so that is a 40% gain..Just for thinking the markets would eat it today. And this is one of my least gainer puts so far. |
