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... Red Dragon Leo

That was very risky Bensjoyce… You should have never gone that far out of the money. You should have bought something at the money, or in the money. Something like the 108, or the 107, but not the 99… you'll get killed on the time decay.

You should only be doing spreads, not straight put options… especially one's “out of the money”. Only buy them “in the money” when there is so little time left.

We'll, I've made that mistake many times before, and always lost it all. But, let's just hope that you're able to make something this time. Every now and then you might get lucky?

... monicadern

That, I do!

... bensjoyce

I've been dabbleing in the markets for 20 years and I'm really bad at it. Never really had the money to get started. So in that way I never really did the markets.

It's like taking a very competative course and you have the wrong textbook, your hearing is bad and you can't see the blackboard clearly. Your screwed.

predicting “crashes” is very rarely in the relm of a good possiblilty. It usually doesn't happen the vast majority of the time. Catching crashes is not where your money is made but only on consistancy. (Who am i to talk).

Yesterday I got sucked into buying 2 S&P puts for Feb 990 strike at 270$. I only have $270 in my account. I have to make it here or else.

... Red Dragon Leo

No one said this game was easy girl. You have too have big one's… if you know what I mean.

... monicadern

We shall see Red. I am hanging tight – thanks!

... Red Dragon Leo

Thank you for your concern and charts. I'll be fine though, as I knew it was possible that the market could run up to 1080 first, and then fall.

We'll see this morning when the market opens and volume starts to come into the market.

... Red Dragon Leo

The Stargate is a large ring device that is basically a portal to another world and another time. Outside of this planet, time is 3 dimensional… whereas here on Earth it's only 1 dimensional.

We can't stop time or go back in time… it only goes forward. Through the Stargate there is a Past, Present, and Future… or 3 dimensions of time.

Of course I don't know what's coming through the Stargate, but the governments of the world are pretty scared right now. That's why they have 100's of war ships over there trying to stop it from happening.

I believe it's a good thing, but that's another long story. Let's stay focused on the market. OK, if they are all over they circling the Stargate, and plan to do something stupid to it, they have too distract the world.

So, you stage an event and blame it on terrorist in Yeman, as that's the place where all this is happening. It will keep people away if war breaks out there, while they secretly do whatever they plan to do with the Stargate.

The staged event, or “False Flag” will sink the stock market of course, which will also rob millions of people of their life savings, 401k plans, etc… They will of course use the money to pay for their secret wars, or things that they do.

We have too stay alert and try to see this happening before it happens. That way, we can be short in the market when they decide to sink it. That time is now…

... sundancer390

i hate to see anybody lose money when the odds are so stacked against a move like a down move is now, which is why i post

we all now the markets are completely rigged, yesterday it took 224 million shares on the SPY to go down 7 points and this morning on 2.5 million shares the SPY is up 10.5 points, what a joke this casino is

i just hope you have a defined stop on your puts, when the SPX closes its 3 min gap @ 1085.89 your front month puts are going to get crushed

be careful

... Red Dragon Leo

It's too far away Scraoppy. While it's possible that we could go up today to 1080, I don't see 1098 as possible. Not until we go down first, and then we can come back up. But, that's not until next week most likely.

I think this is going to be the old “pop and drop” open. Just another trick to get the bears to jump ship and the bulls to board it. Everything I look at and read tells me that this ship is sinking.

... Red Dragon Leo

Thank you Triglav… I simply call it like I see. I could be right, or I could be wrong? The charts tell me we are going down, so that's the way I play it.