J+
Oct 880? Dunno. At this point I'm not sure it's gonna be a down month. Relatively cheap protection against the worst, though.
We seem to have forgotten all about earnings worries, don't we? Probably right to do so. And remember: if the Dow closes above 7972, which it looks as if it wants to do, the Bradley changes from a sell to a buy signal, good till October 4. Weird as it seems, let's face it, the B's been pretty accurate. On a buy from the end of April till the fifth of August, on a sell from then till now. So perhaps we should take note.
What, by the way, are the OAXs? As in OAXLP, which is described as a Dec 80. I assume they're LEAPS, but how exactly do they correlate to the OEX, and what might be the point of buying them? (Certainly they're a LOT cheaper than normal Decembers, but they probably don't move as much.)
J |
