Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

raised cash so much.

It looks like some profit taking tomorrow morning at open. Would you deploy longer if we had afternoon dip and then closed green tomorrow. I got a lot of options going to zero tomorrow and will effectively in position to sell a signficant number of short options either long or short. I will committ to the long side if we close in the green during 3 to 4 PM time period. The reasoning being there must be large number of short SEP call writers looking for dip tomorrow to buy to close short positions or that stocks now look more valuable then when they wrote call before Jul 24.
This market hasn't given most shorts time to pull triger to close unless they were watching market closely with its furious EOD rallies. That is why an am not short but long except for the few broken stocks.