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Best Buy Co., Inc. Message Board

  • eyemurdaddy2 eyemurdaddy2 Mar 16, 2013 1:24 PM Flag

    Loaded April 18 puts

    I have about 100 contracts of April strike 18 PUTS, now. I am expecting at least $3 sudden drop in price next weak. Planning to short another 2000 shares come Monday.................

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    • I don't know about a sudden drop like that but if the market corrects which I think will happen in April combined with all the analysts piling on now ending I could see a lot of the momentum guys running when it tops soon. Believe me there are a lot of "mo" guys in this right now. Why not with the $18 puts? I think it can get there in April at some point. The market has run up the past three years the same way as it has done here to leave a lot of sad faces a few months later. I think it will happen again. There are many Cramers out there telling you things are great and going to get better. Outside the US and China with modest growth at best most of the Globe is flat to recessionary and those are the facts

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