xjo - weekend charting and chat -04 april 2014, page-5

It was the best value for money on the day.

When the market is charging they get ridiculously cheap, no one wants them, not realising its the very moment they actually have a chance of getting into the money.

Herd mentality sort of idea

So every month for quite a while now I have been recording how much it would cost me to buy a put 500, 1000, 1500 out of the money on or about the 25th of the month.

The last two months the 500 pointers have been stunningly cheap, so I bought. just expired worthless last month but tonight it looks like I might get paid this month now.

I have a better idea what the price needs to be now cause this month was cheaper than last month. I was looking today and they were fair giving them away.

LOL - Have to pay attention now, I dont really expect the index to go all the way back to that price but if it goes a good chunk I will get out with a good profit.

If it does go all the way back it will likely be a 100/1 pay day.