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08 Oct
Posted by Sensei @ 12:28 pm on Wednesday, October 8th, 2008 in Options, Stock Comments
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.
Tags: call-options, capitulation, elephant, leveraged-etf, ndx, nuts, spy
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