Replies to post #37510 on Options Wonderland

[MRCapital]

I just had a feeling this market was going to sell off...The pump on the S&P 500 to 93.50 to test mornings high was obvious, and made a lot of bagholders...Buying puts in this market your odds of making money increase tremendously. Buy puts on pumps. I've lost 75% of my money buying calls on the S&P 500 when it broke 100 waiting for that so predictable " bounce"...Tomorrow I'm willing to bet we get a gap up pump followed by a sell off to test the S&P 500 lows. Be carefull everyone