The Options Box

[RCKS]

SagDec15, nice trades.
What was your signal to enter the trades if I may ask, did you see markets oversold?
I sense a change in patterns the past few days in that am's have been weak and we get late pm rally's which have spiked enough to make them tradeable.
I don't know if this is a pattern change or not but something to watch.
I am holding several Puts and likely now will hold over the weekend as I don't think I can get back in for better prices before we get bigger down.
I am basing this window for more down on some other traders I follow and I will hold now into that window to see if it is realized.
The 1300 area on the NDX will make me nervous if we rise that far but unless it is violated with volume up I will ride my positions further.
No point in over trading and paying lots of commissions.
Good trading, steve