The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Thursday, January 18, 2007
Email – #244
Diamonds
Buy the Diamonds (AMEX: DIA) March 2007 $126 puts (DAW-OV) for no more than $2.15.
With the Nasdaq 100 down almost 2% today, I expect the Dow Jones Industrial Average and the S&P 500 to follow in the next few days. We will close this position if the Dow Jones Industrial Average closes above 12,611.
In the meantime, today’s selloff is just what the doctor ordered for expiration tomorrow.
I will send out an alert in the morning around 11:00 AM, advising you what to do with your positions.
As of this afternoon, the markets look as if a short-term top could be in, with stocks like Apple (Nasdaq: AAPL) down over 5% in ONE session.
Exit is everything,
Mark Whistler
