How close can they get to flat-lining it...! I wonder...?
xCM
craigemm
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Check this important article>
In particular "QE Shrinks" - gives some precise figures on what the Fed has been pumping in and how they intend to significantly lay off the printing presses :
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xCM
Star2k
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Hi Mate,
I don't understand what are you talking about.
would you like to let me know what you mean from your post please.
you said you made a put option at $2850? the due date is 9th July?
if so, I think the market won't hit so low. oppositely, it will go up.....
Hi Star, Im talking about buying Put options which will benefit if the Market goes down.
Unfortunately I woke up late so the Market had moved making the Option series that I was going to buy more expensive and was actually already somewhat 'in the money'.
So I bought another series with a Strike price just below what the Market was at at the time. I bought 2 contracts @ 5750 for the XJO (ASX TOP 200) not the XAO as you cant buy XAO
Exchange traded Options. As at Market close IAM already 'in the money'
: D
They cost me $2000 each and if the Market drops to 4500, I stand to make about $22,000.
As for your prediction hmm, no, dont think so but best of Luck.
The short term trend is going down, that is no doubt. but it is might bounce back at 5341, and then winding for a week maybe. after that there are a strong support at 4980. I don't think the low will be 4980.
I think before 4980 the index will go up again.
you are in money any way.
may I know how you can buy the contracts of Index in Australia? that is what I wonder for a long time.
How close can they get to flat-lining it...! I wonder...?
xCM