Options and Stock Market Technical Chart Analysis for August 20, 2009 by Idan Koren

[u05ikoren]

I have september puts and Sold a lot of the SPY 102 august calls, that's how i'm placed into tomorrow.. with that in mind.. i will take profits tomorrow on the september puts and hopefully let the august ones expire worthless for about 0.23 a contract

[patriotsundergod]

go for Oct dude

[u05ikoren]

These options are for a day trade, for a shoot down tomorrow.

[Ultravis66]

November/December puts. Always give yourself a MINIMUM of 3 months time value, I even go out 6-7 months. The reason is because the farther out in time you go, the less your money gets eaten up by time value. The last month of options, the price of the options go down extremely fast. Look up logarithmic in google images and it will show u a plot of what is similar to options time value as you get close to zero (time).

[u05ikoren]

These options are for a day trade, for a shoot down tomorrow.

[IsaacB5679]

I took your advice and sold SDS at the 880 level.... rebought SDS and DXD today.

[Athenaikos]

Good work Idan. So, you think P2 max = 1045?

[u05ikoren]

My estimate at this point is at max 1045.. but we will have to see when we move along