Replies to post #154076 on SPDR S&P 500 (SPY)

[risk on]

Now THAT would not hurt my feelings. I've been getting a little cute w day trading of late, but doing it mostly w longer dated puts, because....even if the trade goes against temporarily , we know we are in a downtrend , ie insurance . So, folks may see me buying oct puts , then selling the same day , many times lately, and think it odd, but it's what works for now. That said , I think it's about time TI not miss that next pole down , because the bear pennant is still very much tactile right now. It's clear, and within perhaps a week, say maybe the day of or Monday following Yellen speak , we can see the next leg down , if not, sooner. I do NOT WANT TO MISS THAT . So, I may just go old school , buy and hold puts going out w Xs 181 and above. Seeing green and not taking bird in hand isn't easy though, so sometimes it's best to turn off the positions screen , and just pick a point on the chart and don't revisit the matter until.