I would have liked to buy a few calls EOD yesterday, got my chance this morning. Otherwise I agree with you. I'm not covering the Big One til EOD, or next.
Last Thursday was an intraday play, so you have to pick and choose. I think the big boys came in from the club for last Thursday.
Yes buying when VIX is low can really work out to your favor. Last week my premiums were going up even though the stock didn't move thanks to VIX
I've got VIX up on a screen to help me time my options trades. Wish I'd thought of it before.
we shall see. I'm counting on it.
Good luck, maybe this time stupid market will finally break. I noticed while we are all waiting for SPY to tank, MON has been an amazing short.
Just bought June puts.
And if the Euro breaks 1.25, watch out!
I would have liked to buy a few calls EOD yesterday, got my chance this morning. Otherwise I agree with you. I'm not covering the Big One til EOD, or next.
Last Thursday was an intraday play, so you have to pick and choose. I think the big boys came in from the club for last Thursday.
I don't know about that – could be in for much more downside.
I think its a way to suck people in. i am just about to the point that I do not buy anything till eod or last hour.
This from http://topstockspick.blogspot.com/:
FOR 05/13 SPX resistance , pivot & support
Resistance R3 1190.31, R2 1184.09, R1 1177.88
Pivot Point 1166.65
Support S1 1160.44, 1149.21, S3 1143.00
Low so far 1164. Going south anyone?
I may sell 25% of puts around 1149 to pay for the rest, otherwise I'm on the bus to Memphis. SDS stays with me to 1060.