Today’s Speculative Bets: Puts on NASDAQ and S&P500

[stockstradr]

Today I’m starting to pick up options again, buying PUTS to open. Remember the last time I was loading up puts on the indexes was in Sept 07, just before the market fell ~20%. Obviously I sold those long ago.

Now the markets have come back up. I think it time to start buying PUTS again.

My analysis is showing good value on these puts, which I bought today:

NASDAQ:
QQQQ: “OZCMC” $55 Strike, Exp 01/17/09. I’m showing at least a 50% return on investment based upon a 10% market drop from here. The risk here is obviously the short time span to expiration.

S&P500:
SPY: “FYNXD” $160 Strike, Exp Dec ’09. I’m showing at least a 40% return on investment based upon a 10% market drop from here

[paranoid]

were you the guy who shorted oil a few months ago when it was at around $65?

[paranoid]

were you the guy who shorted oil a few months ago when it was at around $65?

[paranoid]

were you the guy who shorted oil a few months ago when it was at around $65?

[paranoid]

were you the guy who shorted oil a few months ago when it was at around $65?

[paranoid]

were you the guy who shorted oil a few months ago when it was at around $65?

[Coronita]

were you the guy who shorted oil a few months ago when it was at around $65?

 

Yes, he was. Specifically, I believe the purchase was not "shorting oil", but buying DUG inverse shares in energy companies when the price was mid 40ies if I recall (not the same thing as really shorting oil)

 

Notice people only talk about their hits ?

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

were you the guy who shorted oil a few months ago when it was at around $65?

 

Yes, he was. Specifically, I believe the purchase was not "shorting oil", but buying DUG inverse shares in energy companies when the price was mid 40ies if I recall (not the same thing as really shorting oil)

 

Notice people only talk about their hits ?

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

were you the guy who shorted oil a few months ago when it was at around $65?

 

Yes, he was. Specifically, I believe the purchase was not "shorting oil", but buying DUG inverse shares in energy companies when the price was mid 40ies if I recall (not the same thing as really shorting oil)

 

Notice people only talk about their hits ?

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

were you the guy who shorted oil a few months ago when it was at around $65?

 

Yes, he was. Specifically, I believe the purchase was not "shorting oil", but buying DUG inverse shares in energy companies when the price was mid 40ies if I recall (not the same thing as really shorting oil)

 

Notice people only talk about their hits ?

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

were you the guy who shorted oil a few months ago when it was at around $65?

 

Yes, he was. Specifically, I believe the purchase was not "shorting oil", but buying DUG inverse shares in energy companies when the price was mid 40ies if I recall (not the same thing as really shorting oil)

 

Notice people only talk about their hits ?

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[(former)FormerSanDiegan]

First shorting oil, now fighting the Fed. After that, what’s next ? Putting what’s left on the Padres to win the World Series ?

[(former)FormerSanDiegan]

First shorting oil, now fighting the Fed. After that, what’s next ? Putting what’s left on the Padres to win the World Series ?

[(former)FormerSanDiegan]

First shorting oil, now fighting the Fed. After that, what’s next ? Putting what’s left on the Padres to win the World Series ?

[(former)FormerSanDiegan]

First shorting oil, now fighting the Fed. After that, what’s next ? Putting what’s left on the Padres to win the World Series ?

[Author]

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