SPY Spec Trade

    Posted by tumbler on 28th of Jul 2011 at 01:46 pm

    I'm buying the weekly 137 SPY calls at 0.11 as a spec trade in anticipation of a debt ceiling deal and market move higher.

    SPY Calls

    Posted by philr on 28th of Jul 2011 at 01:56 pm

    No deal until next week. Save your money. Or short the Calls.

    I doubt there will be a deal reached before Monday

    Posted by mrab on 28th of Jul 2011 at 01:53 pm

    it will probably take the weekend to get to any resolution

    I agree

    Posted by honzer on 28th of Jul 2011 at 01:55 pm

    they will drag this to the 11th hour sunday

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