Replies to post #91741 on SPDR S&P 500 (SPY)

[youaretheone]

I feel bad for someone like prechter who keeps telling his peeps to go short or hold short...with the best of his intentions and responsability to get it right for so many people, must be a burden that he goes to bed at night with. this market keeps marching up and i wonder if he has been saying to hold tight?

what was he saying back in 2003 when the market was doing the same thing? in any case it definately looks like that 1200 is possible now.

[Beerworld]

Great call

[Neutral Man]

We used the DOWN action to take on CASH and Profits exiting our Dec45 puts!

StC, 120 Dec45 puts at 1.35, 0.50 gain, SWEEET!!

Thanks BOYZ!

We hold the following:

BtO, 80 Dec45 calls at 0.51
BtO, 120 Dec45 calls at 0.39

StO, 120 Dec42 calls at 1.65

BtO, 120 Dec41 puts at 0.10
BtO, 120 Dec43 puts at 0.35
BtO, 120 Dec43 puts at 0.66
BtO, 120 Dec44 puts at 0.85


Total gains for the DecOE = 3.55 against 40 contracts

04Dec09, posts as 2.40 against 40 contracts
BtO, 120 Dec44 calls at 0.90, StC at 1.00, .10 gain
StO, 120 Dec46 puts at 1.92, BtC at 1.72, .20 gain
BtO, 120 Dec45 puts at 0.85, StC at 1.35, .50 gain


03Dec09, posts as 0.30 against 40 contracts
BtO, 120 Dec44 calls at 0.77, StC at 0.87, .10 gain

01Dec09, posts as 0.20 against 40 contracts
BtO, 40 Dec43 calls at 1.40, StC at 1.60, .20 gain

30Nov09, posts as 0.45 against 40 contracts
BtO, 120 Dec41 calls at 2.56, StC at 2.71, .15 gain

24Nov09, posts as 0.20 against 40 contracts
BtO, 80 Dec43 puts at 0.50, StC at 0.60, .10 gain