2 replies to this topic

[kinga200]

So I purchased the folowing Puts:

 

5/19/2017 $230 P @ $2.15

 

This market can go very quickly down. As I posted my Financial Index Model one indicator is at a level where it has done this numerous times before.

[Charvo]

I'm in agreement.  The fact that the Dow Jones is weak while the Nasdaq 100 is strong is also a big negative.  It's the opposite from the post-election rally.  EEM is starting to falter bigtime too.  When China cuts off the credit for the year, it's not good for risk assets.  With that being said, I think a slight bounce to beat the VIX down a bit might be in order.  I think that would be a good opportunity to get in for the big move down.

[kinga200]

Sold Puts at $1.54.  Signal was false