Sunday, May 9, 2010

Short Squeeze from Hell -- Coming Monday AM

Man that HBB is good.   They remove all the bids and tank the market, stripping stops like mad.

Then ramp it up the same day, and drop it Friday to embolden some bears.  Lots of people with limited money, playing the game with leverage....i.e. they bought expensive puts on they about to get blown out of the water with a massive short squeeze on Monday AM. 

That HBB is good.  

Strategy-- It's called stink puts.

Take your favorite basket case, like EEM.

Last week June 35 puts were around .20 or .25, now they are (were) 1.25 roughly.    I will put bid in to buy at .15

If I get filled, I don't have much to lose, and potentially everything to gain.

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Insightful and Useful Comment!