Question for you: I think we are headed for 1225-1250ish by end of may (just my 2 cents) but I do think we get a big correction some time between August and November. I'm a stock and ETF guy more than an option guy but I know you like to use options. Which SPY puts would you buy for that correction?
A quick note: The topping process continues. We may have reached the apex already. Short confirmation pending. No confirmation, no action.
Hey Red,
Question for you: I think we are headed for 1225-1250ish by end of may (just my 2 cents) but I do think we get a big correction some time between August and November. I'm a stock and ETF guy more than an option guy but I know you like to use options.
Which SPY puts would you buy for that correction?
Thanks
Think Carl got some inside info from his cronies at GS!
AAPL above regulatory limit. Any significance?
He must be expecting a pullback of some kind. 1166 is near the bottom of one of his boxes, not a normal place to bail.
Usually he posts his reasoning a bit later.
Interesting given his projection. Probably with all the money he has made, he just wants to go out and play a round of golf!
Carl sold long unit at 1166.50
Not in your case, but in my case, that is true!
One can only hope!