- Tomorrow, I'll use any chance to exit SRS, all of them. And the puts, all of them. It may cost me 1K doing that, assume it's an up day.
- And I'll buy 20 qqqq calls. Reason, I have 3 QID, 10 qqqq puts.
- Then, when the plan is announced, if the market dives, sell all the puts. If the market rallies, sell all the calls.
- Long term I am bearish, but I think I can buy SRS back at 50s if not 40s if we have a 10% rally on Monday. And I can sell the expensive puts again.
- I may miss the opportunity.
- That market go straight to hell, which is unlikely, the PPT will rally and support the market, then it may tank. So I should have opportunity to buy SRS at 55, 50, even 45.
- SRS will go to 150 to 200 before it's all said and done.
- Now I don't want to have my head handed to me.
Thursday, February 5, 2009
Tomorrow
I have a feeling that we'll get a huge rally on Monday, and I am heavily short.
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