We are now going to purchase a SPY call and hold it overnight
SPY Jan 2016 194.500 call (SPY160115C00194500)
-OPR
| Prev Close: | 5.59 |
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| Open: | 3.20 |
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| Bid: | 2.97 |
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| Ask: | 3.00 |
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| Strike: | 194.50 |
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| Expire Date: | 15-Jan-16 |
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| Day's Range: | 2.59 - 4.57 |
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| Contract Range: | N/A - N/A |
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| Volume: | 9,430 |
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| Open Interest: | 318 |
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I see a potential mini bounce technially over the next day or two providing N Korea doesnt do something else or China pulls it together for a day. If not, well, we always have the Double Down in our arsonal. Lets open things up with a SPY call. Hopefully we get some contrarian value out of the situation. Remember, everyone is running around like Chicken Little right now, so these have some good potential value.
Thats all for today. Phew!
Tradinginsider
2.56(45.80%) 3:37PM EST
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