Replies to post #37028 on OPTIONS TRADERS CO-OP

[gdl]

Will be placing PUTS on SPY at end of day simply because all prior 3 day rallies had a rest on the 4th day. If it is going to be a normal retrace of uptrend it should be shallow.

I believe the odds favor PUTS for tomorrow regardless of longer term direction.

I still think the recent 3 day drop isn't finished and 263 will be breached the next cycle down. Stubborn assumption? We will find out in last half of tomorrows action.