Save $200 on
The Hidden Pivot Webinar.
Offer extended through Friday (9/3).
The Diamonds should start plummeting toward a Hidden Pivot target at 93.50 any day now. Although I’d rather try to get short into an upswing, we should make a very small bet today so that we won’t need to feign indifference if the plunge commences without warning. Accordingly, I’ll recommend bidding 2.75 for a single July 96 put. That’s about what they might sell for if the Diamonds have to catch up to the E-Mini futures at their Monday-night levels (i.e., up about six points). _______ UPDATE (3:30 a.m. EDT): The E-Mini S&P has been up as much as 13 points tonight, so let’s bring our bid for the puts down to 2.15.
Ads are by Google and do not represent the views of Rick's Picks or its affiliates.
More on this topic
(What's this?)
Let Us Do The Heavy Lifting
(Dividends Value, 5/5/10)
Guest Post: “Top Kill” Has Failed
(naked capitalism, 5/27/10)
Sunday Morning Coffee
(Random Roger's Big Picture, 6/20/10)
PR Push Against Strategic Defaulters Underway (Is There a Debtors’ Prison in Your Future?)
(naked capitalism, 6/12/10)
Comments on this entry are closed.