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[NAV]

Taking 1/2 of my OEX puts off here around SPX 1479 for 50% profits in less than 2 hours. Holding the rest for now.... I love it when the market take pennies from me in the morning and gives me dollars at the end of the day. Yesterday it was a 15 point ride on RUT via IWM puts, today it was a 20 point ride on SPX via OEX puts. The decline has much to go IMO. But my money management dictates me to take partial profits.

Edited by NAV, 08 August 2007 - 02:38 PM.

[rkd80]

Taking 1/2 of my OEX puts off here around SPX 1479 for 50% profits in less than 2 hours. Holding the rest for now....

I love it when the market take pennies from me in the morning and gives me dollars at the end of the day. Yesterday it was a 15 point ride on RUT via IWM puts, today it was a 20 point ride on SPX via OEX puts.

The decline has much to go IMO. But my money management dictates me to take partial profits.

thats 1482ish range on ES seems pretty darn important, so I covered there. ES is also starting to form a nice up channel if you connect hte lows from 2 days ago and yesterday...but its probably going to break it real soon and test those lows.