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Re: MASTERTRADER post# 64594

Wednesday, 12/21/2011 8:54:05 AM

Wednesday, December 21, 2011 8:54:05 AM

Post# of 365928
Oh dear. Do you understand what a intra-day trade means? If I buy the 121 W Puts @ around .25-.30 and sell them @ .60 (without waiting for them to get in the money) when the SPY takes a dump from overbought levels... yes?

I just wanna trade on today's volatility as i expect the SPY to take a correction/ retrace from yesterday's irrational 4pt move and MACD overbought on 1hr chart.



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