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Thanks to the bulls


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#1 denleo

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Posted 06 November 2007 - 03:49 PM

Thanks to the bulls I am closing my hedge here at SPX 1517, which has fully paid for my IT bearish position. Now I have a sizable bearish options strategy equally divided between SPX, RUT and NDX. RUT and SPX part is making a little bit, while NDX is losing a little bit. The worst case scenario is break even and the best case scenario is unlimited gain. I knew bulls would not dissapoint. Most strategies involve December options. I am done trading until December expiration or when I decide to take profit. Denleo

#2 SemiBizz

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Posted 06 November 2007 - 04:00 PM

You're welcome.... 2892 by end of week.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#3 denleo

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Posted 06 November 2007 - 04:05 PM

I don't care. I am done thinking and analyzing. It causes misunderstanding. I will see you everybody in January. Denleo

#4 nicolasillo

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Posted 06 November 2007 - 05:15 PM

I don't care. I am done thinking and analyzing. It causes misunderstanding.

I will see you everybody in January.

Denleo



Out of curiosity what stike options do you have on SPX?
Thanks!

Edited by nicolasillo, 06 November 2007 - 05:15 PM.


#5 hiker

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Posted 06 November 2007 - 06:39 PM

hi Dennis,

simply to mark today's close in the overall perspective for reference at a later date.

you are a smart trader and everyone should know that by now. best to you.

SPX monthly

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