In the upcoming week, we could easily see a swing range on the DOW of 300-400 or more points between the DOW bottom and the DOW top between the Monday opening and the Friday closing.
There will be MAJOR volume on all 3 indeces and MAJOR option (calls AND puts) volume during this upcoming 8 trading sessions (Mon, June 12, through Wednesday, June 21). The peak volume should be on Tuesday, June 13, but Monday, June 12, will be huge as well. Every day will be rather phenomenal.....the volume will, in fact, be newsworthy in and of itself. Be very careful about getting swept up into ANY JUNE option transactions AT ALL. Because the puts AND calls could go WAY into overinflated mode and utterly pancake out VISCIOUSLY on you VERY quickly, indeed!
CME and BOT should do exceptionally well. And, the brokers are going to turn in VERY hot E/Rs this week. GM should getr a good lift. Etc, etc, etc.
But the Econ News (esp CPI) as well as all the FED-speak this week on top of the VERY significant Quad-Witch OE on Friday will all add up to an unbelievable week. For more on this certain-to-be record trading week, see my post form Friday afternoon:
EVERYONE (Bulls AND Bears) has a shot at making VERY good money on these swings and will also see some very good opportunities for positioning into options beyond JUNE...especially SEPT.
hey, some like or love to gamble. His picks are fine for vegas money and no harm betting an option out a month for the fun of it and maybe it will work once in awhile. But for a serious investor you either buy the stock and more on nice dips and hold long term or buy the jan 08 leaps. End of that. But for the gambler in us its ok to listen and maybe follow someones suggestions short term but not with the rent money...We all know that.
itm's so called credibility
The loser seriously lost his ass on his fantasy trades and still sqwacks about GOOG going to $1,300.
itm needs to take his meds and get off this board. Hopefully nobody was stupid enough to take any of his lame ass advice....
I must say, you took that completely the wrong way, and that completely changes my view of you. You are way off the mark to call me a fair weather friend.
I wish you success in your trading.
Yes, we can, and if you could follow your own advice, you would have seen that I was not comparing you to anyone. I was stating that I derived value from your posts as well as someone else's.
"Savvy" that amigo?
having fun yet with the other posters?? Hey dont get involved with anyone unless you are toatally bored. Otherwise, just post like me the facts that work and have always worked. Stop the gambling with options. Nobody knows from month to month. My suggestion to buy only the jan 07 300 and now the jan 08 300 leaps is conservative and boring and works. Time in this case is our friend and deep in the money gives us the ability to take the stock without tax if we want . Everything else from day to day is just filler and as i can see meaningless.