Would it be suffice to say that after last nights performance the dow rallied a couple of times in early trading, every chance it had to rally sellers taking advantage of any gains to exit their stock. What opinions do other posters have on this? I know the general direction is down but i read an article yesterday on bloomberg or cnn that a record number of puts are being bought over calls. the fellow in the interview believes when this happens its a very bullish signal. Its hard to make a descision on what direction the market will go from today. Any strategies or analysis would be great.
Currently i hold bought to open 4 NAB Oct 3200 puts, Sell to open 2 NAB Oct 3600 calls, and 2 NAB Oct 3500 calls.
