It is time!!!

It is time to buy long-term puts on the stock market. 6 to 12 months out on SPX. I will spend the next hour and early next week to accumulate a large put position. Vol is cheap. I am not talking short-term. Technicals looks like crap, macro economic picture as well as forward looking indicators are dangerously ugly. The markets are under total fear of ECB, the FED and governments. After a lot of research of what happened to the banking industry over the last 10 years or so and what banks did and continue to do, I stopped paying mortgages on properties I have. Saved money go into SPX puts. It is a true free put!!! And they say there is no free lunch??? Hahahahaha. I will short sell those properties to my relatives when time comes, so I will never lose them. So my bank is paying for my put. Just like their positions are paid by the tax payers. Everything is off shore. Taxes? What Taxes? F Taxes! I will pay only local and state taxes, because they don't go into the banking system. We are getting close to a true economic depression. This is not just being bearish on the market. This is me seeing a major economic mess in a not so distant future caused by criminal banking activities, which sucked in governments and central bankers to be their partners. Denleo

Leo, I am sure we are distant relatives:)

Can you mention a strike and a maturity?

Remember fellow amateur lurkers Denleo shorted spoos at 686 on Mar 9 2009. He will do fine
but his influence on you may be hard to predict

It is time to buy long-term puts on the stock market. 6 to 12 months out on SPX. I will spend the next hour and early next week to accumulate a large put position. Vol is cheap. I am not talking short-term. Technicals looks like crap, macro economic picture as well as forward looking indicators are dangerously ugly. The markets are under total fear of ECB, the FED and governments.

After a lot of research of what happened to the banking industry over the last 10 years or so and what banks did and continue to do, I stopped paying mortgages on properties I have. Saved money go into SPX puts. It is a true free put!!! And they say there is no free lunch??? Hahahahaha. I will short sell those properties to my relatives when time comes, so I will never lose them. So my bank is paying for my put. Just like their positions are paid by the tax payers.

Everything is off shore. Taxes? What Taxes? F Taxes! I will pay only local and state taxes, because they don't go into the banking system.

We are getting close to a true economic depression.

This is not just being bearish on the market. This is me seeing a major economic mess in a not so distant future caused by criminal banking activities, which sucked in governments and central bankers to be their partners.

Denleo

Denleo gone mad ? Something is wrong You were never the one to talk macroeconomics and long term puts, but more of a practical trader, who knows the markets go up and down for reasons other then macroeconomics. Are you serious, or kidding around ?

I'm buying mostly 1250 Puts next year maturity. Jack, I don't understand what you mean. Denleo

Denleo gone mad ?

Something is wrong You were never the one to talk macroeconomics and long term puts, but more of a practical trader, who knows the markets go up and down for reasons other then macroeconomics.

Are you serious, or kidding around ?

Absolutely serious!!! We are getting close to some big macro problems. I truely believe that a long term trade via options will pay a lot more than short-term trading at the moment. And I am serious that banking industry has screwed everyone over big time and I will do my best to take every advantage of them I can. They are criminals!!! And criminals need to be punished.

Denleo

It is time to buy long-term puts on the stock market. 6 to 12 months out on SPX. I will spend the next hour and early next week to accumulate a large put position. Vol is cheap. I am not talking short-term. Technicals looks like crap, macro economic picture as well as forward looking indicators are dangerously ugly. The markets are under total fear of ECB, the FED and governments.

After a lot of research of what happened to the banking industry over the last 10 years or so and what banks did and continue to do, I stopped paying mortgages on properties I have. Saved money go into SPX puts. It is a true free put!!! And they say there is no free lunch??? Hahahahaha. I will short sell those properties to my relatives when time comes, so I will never lose them. So my bank is paying for my put. Just like their positions are paid by the tax payers.

Everything is off shore. Taxes? What Taxes? F Taxes! I will pay only local and state taxes, because they don't go into the banking system.

We are getting close to a true economic depression.

This is not just being bearish on the market. This is me seeing a major economic mess in a not so distant future caused by criminal banking activities, which sucked in governments and central bankers to be their partners.

Denleo

Just a quick note for its a long story and 99.9% of people don't want to believe it, so they just choose not to -

our federal taxes pay for nothing but without them our money would be worth nothing.

And while they pay for nothing, not paying them will send you to jail.

I don't see any bankers going to jail for having off shore accounts. Neither will I. Catch me if you can. Denleo

I'm buying mostly 1250 Puts next year maturity.

Jack, I don't understand what you mean.

Denleo

Not necessarily disagreeing with you, but maybe you can get a better price by waiting some; at least a plan for partial positioning? And what about opportunity costs of tying up monies for so long?

Just some random thoughts.