.adding swing +CTW at .15-.16 OVERSIZED C 4 strike Aug puts.

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MMASSASSIN
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.adding swing +CTW at .15-.16 OVERSIZED C 4 strike Aug puts.

Post by MMASSASSIN »

.adding swing +CTW at .15-.16 OVERSIZED C 4 strike Aug puts. After accumulating these puts friday now thins brings me up to a heavily bearish 3X oversized position in options expiring this week. These puts have been as high as .27 today so I see this partial gap cover on a dead cat bounce as a screaming opportunity to accumulate a bearish position in C here. Im posting a quote from the email I sent out friday once again today to further emphasize my bearish sentiment well before this pull back this week began ---------August 14, 2009 3:55:53 PM EDT_______QUOTE " By the way the possibility of a much larger market retrasement to as low as dow 8800 I see today as a stronger possibility and I am starting to focus on financials as puts opportunities.mind you close to a 700 point MULTIWEEK RETRASEMENT IM WARNING OF HERE. just a head up on a possibility that I see as real.--------- now obviously the negatives I warned of friday have officially cleared, with this 200 point pul back.