Happy,
Thanks for the compliments. Did you catch my confession on how bad a trader I am on the Idea or Options thread ?
>do you have a target for the top?
My guesstimate is still the neighborhood of Dow 9200.
>Will there be enough warning to get out before the MC?
Yes. Lots of it. Volume blowing more is the earliest one.
You could still get out on the first few down days. A crash doesn't happen on one day, not even '87 which was abrupt was preceded by over three weeks of down trend.
>If the market shoots up to 9000 or above by April, a lot of money could be made in calls. Is this the recommended strategy, or would you wait until the MC starts and stay on the put side?
Another day or two up, and the market could rest for a week.
That might be a good point to go long.
Puts should be bought just BEFORE the top, while i.v. is lowest.
3-6 months to expiration deep ITM puts should bring best %age.
>YHOO and MSFT look like two primo Put candidates, but when to buy is the question and should one buy Calls first?
There are better candidates then MSFT. One could put the index or a multinationals (GE, PG, KO), or go for the highflyers (YHOO, AOL, DELL). The drugs are already where the air is very thin.
ATG |
