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Art Cashin

Started by nimblebear , Oct 24 2008 08:18 AM

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3 replies to this topic

#1 nimblebear

Welcome to the Dark Side !

Traders-Talk User
6,062 posts

Posted 24 October 2008 - 08:18 AM

see a stock at 20. Put bid in at 10. Vicious rally will occur after this mess. Everybody will be doing and noone will want to miss the train back up. Here comes the high vix spike i suggested we needed before. Vix over 120. Trade well in death ! :numchuk:

Trade well in the resurrection

OTIS.

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#2 jjc

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Traders-Talk User
2,886 posts

Posted 24 October 2008 - 08:44 AM

see a stock at 20. Put bid in at 10.

Vicious rally will occur after this mess. Everybody will be doing and noone will want to miss the train back up.

Here comes the high vix spike i suggested we needed before.

Vix over 120.

Trade well in death ! Trade well in the resurrection

I like it, but if I could make a small change. Sell a put with a strike of 10. And don't lever yourself too high; paying cash here is smart.