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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (108568)	7/26/2007 10:30:17 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

Don't mock my Picasso. I paid good money for that rarity. -g-

To: Knighty Tin who wrote (108568)	7/26/2007 11:43:16 PM
From: Shane M	Read Replies (1) \| Respond to of 132070

KT, I have an options question if you still discuss these and have time/inclination. If I expected SPY to increase an average of 1.3% over the next 5 trading days from current price of 148.02 to almost 150, what would be the best way to in your view to take advantage? Intent is to exit position after 5 days. Here's the August option chain. finance.yahoo.com Or would you approach with futures? some other method? Or just buy SPY and go un-leveraged? I'm trying to understand how to best leverage a limited number of bets each year (maybe average of 10 or 15 trades like this each year) when historically certain setups like we see today have a tendency to bounce. (down day, both 20 and 40 day trends are down, majority of past 7 trading days down, and sentiment neutral). Since start of 2004 these situations have occurred 40 times, with the market (SPY) up 83% of the time from here w/ avg gain of 1.32% over 5 days. Appreciate any thoughts on how you'd approach this. Or if it's all bunk just tell me I'm wasting my time <g> thanks, Shane