I feel the same. That's why I tolerate it to as high as 93-96 but to be safe I cashout my calls today and will add more puts at 93 & 96 (if it ever gets there),who knows, and like you said sometime you have to go a little bit off on T/A. Why are they dumping after hour?
I think that's it "Cowboy". OK just close all my call positions and bought some more puts. If DOW up to 93 I will put some more. But if DOW close under 90 we will see dow at 82? again. This is insane. The market rally on OBAMA's plan on building more freeway(construction)and school? This "plan" he thought of really make Bush Admin look stupid but why didn't anyone think of this "plan"? LOL
Hey Zen, you have your puts in place now or not??? I bought some oil positions this AM which have rallied nicely after a bit of a selloff after a strong open. Hedging against the reaming I am not taking on my DIA puts. Fucking insane market. But I like the oil play at this price.