Replies to post #12722 on Option Millionaires

[uranium-pinto-beans]

today was the most telling day. a few of the dow components downgraded to sell by some analysts. the auto maker debacle. the $50 billion fraud. no good news this whole week and the market mustered a gain. I had a bunch of puts i closed out this morning. Got the CAT $40 puts on thursday from $.40 - $.50 sold em at $1.22 and $1.62 this am. Got MOS $30 puts yesterday at $.70 sold em for $2.60 today. I'm going long next week for the first time in a while.

But I do hold some DRYS puts still. And I grabbed some SPY lotto's near the close. SO im not giving up yet. But no sense fighting the trend.