SPDR S&P 500 (SPY)

[imiloa]

if i do play calls, i'll watch them closely and exit when ADX turns bearish.
my primary thought is "too far, too fast"
so if another big drop this morning stretches the rubber band a bit more
could be a strong $1-2 snap back upward.

with the futures looking south,
and China's SSE down 8.5% today,
if it doesn't gap down too far,
i may grab puts at the open to play the initial plunge, too...