Looking for a correction to the 2700 area.
Looking to buy the July 270 puts,huge open interest at this strike price
Thanks Mikee!
http://www.futuresmag.com/2018/06/25/dow-laid-egg-morning
From the article(not my opinion-I don't have one on the stock market)
"We are traders here. I’m not concerned which side of the aisle you are on. When have we ever seen this kind of behavior in the history of the republic? I can’t remember seeing it in my lifetime. I’m here to tell you this kind of division, this kind of boorish behavior can’t be bullish for the stock market."
I agree with Trump but golly it will have some pain attached
270 puts should be profitable IMHO
I think private investment is exiting the market
Much the same as selling a crop
When is the time to grab the price and is it a good price with good results
270 puts might mean some deep pockets but long term should be a winner
I wonder if the PPT has a target
Because if they continue to unload their assets,
I would think they need a lower target than 270
2300 is just a wild guess
Nobody knows so one guess is as good as another
Of course if the Fed losses control or china devalues or sells US treasuries then the market will probably fall off the cliff
Printing more fiat to buy treasuries will not save the markets
Just my 2 cents