Replies to post #39580 on SPDR S&P 500 (SPY)

[Neutral Man]

ALL-Righty Then, we Bee SERIOUS LONG now and we're in BUY and HOLD mode for the duration, the March up to 1650 on the S&P500 duration dat is!

People, I know you'll read many TA, chart, Fibs and Lies Prognosticators, Good for YOU! But we called the ST Bottom at 41.67, ok it tagged 41.61, whatever, and we be calling a ST Bottom TODAY, maybe 43.62, likely 43.08, but TODAY none-the-less!

Therefore, we be Ridiculous-Lee Long right now and will HOLD-em as da-Boyz Mark-em UP!/

A 3 to 1 LONG OE port Right now (24k into 8k)!

Short positions (expecting the Q's to go Down), controlling 8k shares
Feb42 puts at 0.565, (QUAD), bought long
Feb43 puts at 0.42, (QUAD), bought long

Long positions (expecting the Q's to go Up), controlling 24k shares
Feb43 calls at 2.66, (QUAD), bought long
Feb45 calls at 2.03, (QUAD), bought long
Feb46 calls at 0.32, (QUAD), bought long
Feb47 calls at 0.14, (QUAD), bought long
Feb48 calls at 0.05, (QUAD), bought long
Feb48 putt at 2.95, (DOUBLE), sold short
Feb46 putt at 2.04, (DOUBLE), sold short

Will prices get down below 43.62, Maybe, but we'll be Dare configuring long plays to take advantage of OUR ST Bottom Call! Yes, the right side of the "W" bottom formation is upon us and we be taking actions to Profit accordingly!

BUT, we should point out that GLENO's GURU kinda Tipped, pun intended, us over the Buy Hurdle Signal with his 100% Cash, hence, we give thanks where thanks is appropriate, Thanks GLENO!

Good trades ALL,
nm