I bought 6 (all of SIX) Dec 40 QQQQ puts at .9 at close. It is still all in the air, although, today felt even weaker than yesterday.
Tomorrow, unfortunately, could be a blast off to give the bulls more confidence. It is clear to any one that today was weak day. Interesting that VIX and VXN actually fell!
CBOE volume data shows that:
4649 DJIA calls traded and 14123 DJIA puts traded
for P/C 3.037 which should predict a drop within the next 3 days....
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