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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (37347)	9/5/2012 5:12:26 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 218887

I just checked, the SPY September 22nd 137 puts yesterday closed at .81 bid and .83 offered, kind of cheap if one thinks the market is going to tank hard and fast... I definitely wouldn't buy them... I think buying any options is a dangerous game, I always prefer writing them and let the other guy hope... but, if I had to buy an option, I think it would have to be very deep in the money already... but then, why not just take the stock itself... By the way, thanks again for that great option link, a very nice way to check specific options out before doing anything with them... GZ