He just pisses me off with some of his idiot views on
politics...which is why I won;t work with him anymore...he should
stick to programming...politics is a good way to lose
customers.
Ever notice that someone s good at one thing, can be absolutely
awful at something not in their realm of knowledge?
If you think you are close to a top....and its time to get
short.... here is an idea... Go out to dec
and Buy way In THE MONEY puts on the
SPY. For example..
a 160 SPY DEC PUT is around 32.50 with a 92
DElta. You are losing money if
the SPY keeps going up... and you collect 92
cents/100 as the SPY goes down. WIth
the SPY at 131.30 You are only
paying about 2.80 in time
premium.. The advantage
you have here is that you can "CASH FLOW" your puts... for
example you can sell the May 1250 puts against them for
1.55... or swing trade the puts depending on the
market. It's not an easy trade....but
if the market tanks.. it should be a good hedge. Just a
thought
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Title: yes, he's a great
peter campbell says get out. we will see if he is right
Posted by brophy on 25th of Mar 2011 at 06:06 pm
He just pisses me off with some of his idiot views on politics...which is why I won;t work with him anymore...he should stick to programming...politics is a good way to lose customers.
Ever notice that someone s good at one thing, can be absolutely awful at something not in their realm of knowledge?
Yes, especially scientists who think they're philosophers & theologians...
Posted by lessarda on 25th of Mar 2011 at 07:51 pm
not the first time he's
Posted by marketguy on 26th of Mar 2011 at 04:52 pm
not the first time he's made this call...I fell under all these permabear spells last year....cost me more than I can comprehend...
Here is an idea.
Posted by zach06 on 26th of Mar 2011 at 05:33 pm
If you think you are close to a top....and its time to get short.... here is an idea... Go out to dec and Buy way In THE MONEY puts on the SPY. For example.. a 160 SPY DEC PUT is around 32.50 with a 92 DElta. You are losing money if the SPY keeps going up... and you collect 92 cents/100 as the SPY goes down. WIth the SPY at 131.30 You are only paying about 2.80 in time premium.. The advantage you have here is that you can "CASH FLOW" your puts... for example you can sell the May 1250 puts against them for 1.55... or swing trade the puts depending on the market. It's not an easy trade....but if the market tanks.. it should be a good hedge. Just a thought