Thursday, April 30, 2009

Bye Bye Love

Market made a new high, then sold off, then gapped higher, then sells off. Hmmmm. Distribution is the name of this game. How am I to play it? Looking at DIA options, buying the 82/78/74 put fly for $0.85. Thats 4 weeks for the market to retrace 5% and nearly a 4 to 1 risk reward. Don't wait for the goods to be on sale, buy now and I will throw in a Graty :)

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