salty its 4 am here on the east coast and i just got up to check out the oversea markets and noticed this post. i must have missed it last week on oil its always hits and misses. i , do spreads. still a collegue of mine who had a great run betting on oil heading north over the last month is in great danger of losing his shirt . the recent fall of last week caught him totally out of the money on his calls. if oil doesn't run up big time in the next 12 days its lights out for him. i recommend sticking to spg and srs . that is plenty of action for most people.meanwhile spg continues to amaze the shorts Thrash man
I would say that 4:00AM EST is definitely @ the Top of the Morning, regardless of which day it is :-)
I too am definitely amazed on how resilient SPG has been during this broad downturn. Most posters on this board (with the exception of Kev - $50 calls) have been looking for it to tumble to $70 before now.
Yes, I'm amazed it is not at 80 right now. I'm trying to get out of my Jan 50 puts and switch to GGP puts instead. These puts have dipped back underwater for me. Stock at about 87 should allow me to get out at breakeven but if that doesn't happen by the end of this week I'm out. Far riper fruit at GGP, where I already have some puts but want to add more.