Replies to post #38670 on SPDR S&P 500 (SPY)

[Neutral Man]

Adding Short positions and building our Net Short Bias!

Buy to Open, Feb47 puts at 2.90!

We'll use higher prices to make this a DOUBLE!

Let's see if da-Boyz can GET-R UP so we can Add Short plays!

Good trades ALL,
nm

[Neutral Man]

FebOE Play-Book (more like DUP da-Boyz Book), for star-date 31-01-2008!?

Alrighty then, we got Yesterday behind us, got the TA, Chart, Fibs & Lies players in Front of us, LOL, and now we be getting behind da-Boyz and follow-ing Dare Lead!

Obviously we'll take advantage of ANY GAP down and Sell Feb46 puts and for Two reasons, One, to protect our Feb47 puts, second, to LOCK in our gain on the Feb44 calls that are sold SHORT (this is called OVER-LAP and since we can't OWE BOTh at the same time we LOCK in the gain on the second OVER-LAP position, Cool huhh)!

Let's see if Short is the Play or is da-Boyz gonna DUP us into Submission, well, AGAIN, LOL!?

Good trades ALL,
nm