Even though the markets finished up today, 1option has a great analysis on the action by the Fed.
http://www.1option.com/index.php/global/comments/option_traders_scale_into_short_positions_on_a_failed_rally/
Here are a few suggestion to the trade recommendation from the weekend. Use the strength in the market to your advantage. For example, the same call credit spread that we would have received $350 for(assume 10 contracts) on Friday, would now net you $580. Just something to keep in mind. If you're feeling less aggressive consider selling something around 144/141. I see no reason to sell the put credit spread quite yet - let's wait to see what the market does this week.
Tuesday, March 11, 2008
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