Replies to post #163395 on SPDR S&P 500 (SPY)

[Paul Wall]

Well buddy, got 100 cons of nov 20 $190p. Hoping for a two week down cycle here. One flash crash day would be nice but I'll settle for decent profits.

[GuTA]

@ .40 avg I think my 201p weekly will show me profit. With 200 contracts I'll get out at .32 if we see it tomorrow (after 11:00 AM only as I think we gap and fill tomorrow.. Then trend lower)

Plan is: short leash / long leash

If we run. I'll sell (least likely)

We trade sideways. I'll sell weekly and buy more 11/20 195p on spikes

We gap (either direction) and crap I'll ride my contracts and sell a big portion of weeklies as tomorrow unfolds.