Are we making a generational top in stocks?
Posted 17 May 2013 - 09:11 AM
If the Russel gets into this 994 to 1010 price range, I think there is a high probability of a significant reversal in the Russel and other indicies. I am changing my stop on short positions to a weekly close above 1015 basis the nearby Mini Russel futures, and will probably add to shorts above the 1000 level.
Kim Rice 5/17/13
Posted 23 May 2013 - 12:04 AM
Posted 23 May 2013 - 08:44 AM
Kimston: how are you playing this top?
As noted on several posts here and there, I'm shorting this with Jan and June 2014 options and leveraged ETFs. I bought more yesterday when the DOW was up 150 points, as the Russel 2000 had moved to the upper end of the projected target zone.
Posted 24 May 2013 - 02:47 PM
do you sell calls or buy leap puts?
The options I've been buying are deep in the money SDS, TZA and QID calls (mostly Jan 2014 and some June). Buying these options about 4 or 5 points in the money costs virtually no premium; much less risk relative to buying out of the money options but still plently of leverage. Always buy much more time than you think you will need.
Posted 21 June 2013 - 11:59 PM
Posted 22 June 2013 - 05:38 PM
Posted 02 July 2013 - 02:33 PM