Market Sense and Sentiment

[Caradoc]

Good Morning!

I checked in hoping for hint on what time of day would be best to unload DIA puts (DIAMA Jan 105s). If DOW tanks to near 10400, and spread remains huge, I'll try to sell at midpoint of the spread. Otherwise, I'm tempted to exercise the puts rather than let them go at bid. Drawback, of course, would be the naked short position with only 80 or 90 cents of paper profit going forward and unlimited loss if things headed in the opposite direction.

Meanwhile, since DOW couldn't break north of 10850 and since psychological support is 10000, I suspect the Feb 105s (DIANA) should be real moneymakers. We'll see....

Caradoc