LARRY, A friend of mine who is usually fairly accurate and who follows the foreign markets, tells me that "he expects the Chinese market to top in mid-October and decline for many months". The CHINA market index closed lower last night but whether the top is in or not remains to be seen but I am now long a little FXP in the case the high is in.
LARRY, I'm still long the DIA October 94 (strike) Call Options that I bought on October 2nd for $212 each, they are at about $535 each now. Since they expire this coming Friday, I'll sell them on Thursday.
I hope you aren't losing to much on your DIA Put Options, but PUTS are not the place to be in this market, CALLS are the way to go.
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