Looking At SPY and NDX Call Options

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October 8, 2008

If the market has one more big afternoon to the downside. Not only will true panic happen, but I think it will finally cause the capitulation. I’m looking at SPY and NDX calls here if that scenario materializes and the reason I sold my leveraged ETF’s, even after getting my nuts squashed by an elephant on the trade, so that I had cash to make this trade.

Now I’m just waiting for my pitch.




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  • http://www.stockrake.com StockRake

    Made a few day trades for SSO and QLD…both profitable about 2% in each. Now back to cash again. This damn market is nuts.

  • http://www.stockrake.com StockRake

    Made a few day trades for SSO and QLD…both profitable about 2% in each. Now back to cash again. This damn market is nuts.