Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (23867)	8/19/2011 4:28:29 PM
From: mazel-tov	1 Recommendation Read Replies (1) of 219707

All in all, it has been an awesome week. I was telling my son that there is nothing such as a good or bad market ........ it depends on how one is positioned at any point in time. I closed out those QQQ puts that expired today gradually ...... staggered their closing in the final hour! I am still aggressively short but less so than earlier this week using SDS and SPXU. I am also long a ton of QQQ 51 puts that expire the end of next week but I spread them out selling the 47 puts against them just as a precaution. I still think that we could have a huge sell-off on Monday but who knows. Puts are expensive because of the VIX so spreading em is an effective hedge. BTW, for those who like trading the indexes and don't want to trade the futures, the weekly index options are a pretty good way to play em. Terrific trading market with all of the volatility. Silver has been the icing on the cake ........

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