Replies to post #1193 on Trading SPX Cycles

[northam43]

bbgold - The bullish reversal started on the Daily around the middle of March 2003.

Of course the 2000 Bear market was off of a SPX record high and the downside was much deeper. This is what I believe to be a Small Bear, and I expect we will go to new record highs in this next Bull.

[Torqputty]

bbgold; Options question;

Would you help with this question... Im confused on how money is made (or loss) in options... – Is it on the difference in price of the stock or the price of the contract? - below is a virtual trade I made with prices of the stock and the contract.

11/01/2011 Sell To Close 100 SPXU Nov11 15 Call $1.25 $12,347.81
10/27/2011 Buy To Open 100 SPXU Nov11 15 Call $0.60 ($6,151.95)

11/01/2011 15.13 SPXU
10/27/2011 13.36 SPXU