Replies to post #248 on The Options Box (OBOX)

[Poet]

Yes, Feb puts on the likes of BRCM and NVDA, bought next week, sound like a good idea. Do you usually trade ITM, ATM or OTM?

The SPX looks like it has definitely topped out and seems to be following the COMPX at this point. My thinking is the market will be rangebound over the next couple of days and I'm looking to buy just in-the-money OEX puts (the OEBNR's 590 strikes have a high OI and a fair amount of activity today) at a little lower price than they are now. They settled at $16.30/contract today.