Replies to post #267 on S&P short term cycle swings

[SyndicateTwo]

MRVL's report tonight I think is what's behind the strength in the $SOX overall. These things have been doing very well. The $SOX leads the nasdaq which leads everything else.

Now you get that bottom today or tomorrow and then a moonshot in the Nas with the Russell leading.

My goal on this play with the TNA is this--- long straight the April $10 calls now with a basis of about $4. If the TNA is around $10 or under $14 by April 20th, then I just exercise the calls and take the stock long. Then start shorting $15 calls against the position.

But I think the trade works like this -- the Russell runs to near 500 by April 20th. That takes the TNA to around $25. Those $4 $10 calls turn into $15 or a near 4 bagger in a month and a half.


I think it happens.