SPDR S&P 500 (SPY)

[Neutral Man]

Oh Boy, Crash & Burn Alert, someone find da-Plug and put it back in, PLEASE!?

We're in HOLD and Watch mode as da-Boyz paint what appears to be Armageddon, AGAIN, and if the volume was higher I'd be Playing Intraday Short plays but find it inappropriate with our current positions!?

We're Net Long now and we'll jeopardize our profit potential if we add more shorts, hence, we watch and wait as da-Boyz play their GAME and use THEIR RULES sponsored by da-HOUSE of course, LOL!?

Short positions (expecting the Q's to go Down)
Jan50 puts at 3.02, (TRIPLE), bought long

Long positions (expecting the Q's to go Up)
Jan53 calls at .45, (DOUBLE), bought long
Jan56 puts at 4.60, (DOUBLE), sold short
Jan48 puts at 1.00, sold short
Jan48 calls at .35, (DOUBLE), bought long

Basically, it's looking like a REAL possiblility to tag the R8(46.67) if not a CLOSE at or near said marker?

Good trades all,
nm