Andy Bear Picks

[andrius]

think its time to start loading puts/shorts on this bounce. Market not far from highs but feel like top is in and this big bounce on SPY to 196 from 182 is like a gift IMO Seems like first real breakdown on stocks/indexes is always followed by huge bounce before new lows.

Have a feeling going to be sick tomorrow am. Was having a tough couple days and was getting beat up on SPY puts some today. Usually if wrong try to take small loss and reestablish but kept adding today. Sized into SPY 198 puts, about 200 contracts. Sold all eod to turn my day around to descent green but watch SPY gap down $2-3 tomorrow.