Thursday, June 16, 2011

closed a long trade after hours, entered back in at 1259.5

index options "settle" at the open Friday, therefore I expect a serious ramp so that those myraids of put holders (the put call ratio is extremely high) won't be rewarded too dearly.

I don't have  great price prediction level, but think that after the ramp more selling may occur, so a 10 point run up, I will take some profits, if I am so fortunate.

No comments:

Post a Comment

Insightful and Useful Comment!