Replies to post #39066 on OPTIONS TRADERS CO-OP

[gdl]

I actually did buy more PUTS at end of day Thursday.
Bought 200 SPY 280 Puts expiring at 27th @ .40

So while i lost all of my bets expiring today I did OK with the others so far.

I really botched this even though i will come out ahead. I was convinced of the drop and still expect further damage but my timing was way off, other than the added 8K late Thursday. The report however is a bit confusing so far. no mention or suggestion of any new indictments. that is a surprise so we wait to find out why and what Mueller found.

I bought the late day Puts on Thursday because i wasn't going to be home on Friday and knew I wanted more bets for over the weekend news. Glad i did for that is my saving grace so far. The 272 expiration of 27th is still a long shot.

Monday determines if we get the steep drop i anticipated. This should result in 2 more days of decent drops before any retrace. The steeper the drops, if they occur Monday and Tuesday, the more convinced i am the final move down will test and likely break below 2500 area. But lets see what happens Monday first.