11 replies to this topic

[NAV]

for a downside move. Some ETFs and May 12600 DJX puts ($1.5). About 40% position around SPX 1450. Will add, if the market moves higher.

Edited by NAV, 13 April 2007 - 12:38 PM.

[NAV]

Puts are cheap here. If the downside move gets going, the implied volatility is gonna explode. Or maybe it's cheap for a reason

[eminimee]

Doing the same...but I'm being slightly more aggresive. Using May 1460 puts

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=2&dy=22&i=p53893521082&a=89430406&r=9721.png

Edited by Teaparty, 13 April 2007 - 01:05 PM.

[.Blizzard]

The OEX put call ratio turned neutral at 12:30 PM...slightly bullish, I would say 12:00 PM CALLS 6946 - PUTS 26750 RATIO 3.85 12:30 PM CALLS 19028 - PUTS 28646 RATIO 1.50

[PorkLoin]

Nice wedge chart, Teaparty -- one of my favorite formations. Doug

[NAV]

TP, There's a wedge on the hourly chart as well, FWIW.

[spielchekr]

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=11&i=p96506228444&a=96311835&m=o&r=8100.png



EDIT: DANGIT! Tea beat me to it. He usually beats me to the money too.

Edited by spielchekr, 13 April 2007 - 01:21 PM.

[denleo]

NAV, What about the move to new highs? Do you think it is cancelled or you are looking for a pull back before we go to new highs? Denleo

[NAV]

NAV, What about the move to new highs? Do you think it is cancelled or you are looking for a pull back before we go to new highs?

Denleo

Denleo,

I am looking for a pullback ideally below 4/12 lows and then a rally to challenge the highs. I could be wrong on this. But that's what my work is saying right now.


Denleo,

I seriously doubt we even have the internal energy to fill the ES 1463.75 gap. We'll see...

[beardown]

i`m just letting them take it up,like i said before, puts will be cheaper next week when the mrkt is higher maybe dow 12,700 area