Stock Market Nov. 10 looking forward
I am still in the OEX 640 puts with a cost of $1.50 and currently bidding $1.80.
The puts have been as high as $2.80 in the past couple of days.
It was not my intent to still own them over the weekend due to expiration Friday being Nov. 17. They will start to drop in value unless the market goes down.
Plenty of econ news due out Tues...very little Monday. I really don't have a prediction for Monday. (hoping a little down movement..but that is a hope and not a guess.... :) )
The puts have been as high as $2.80 in the past couple of days.
It was not my intent to still own them over the weekend due to expiration Friday being Nov. 17. They will start to drop in value unless the market goes down.
Plenty of econ news due out Tues...very little Monday. I really don't have a prediction for Monday. (hoping a little down movement..but that is a hope and not a guess.... :) )
posted by meblogin at 6:26 PM
7 Comments:
I have been reading a little more and believe that Monday will be flat to down. (mainly due to lack of new data)
What do you expect as news on Tuesday?
Hi Bubba,
I am hoping to be out my puts sometime Monday.
Tuesday....I think will be some positive and some negative data.
Here is what is coming---
Nov 13 14:00 Treasury Budget
Nov 14 08:30 Retail Sales
Nov 14 08:30 Retail Sales ex-auto
Nov 14 08:30 PPI
Nov 14 08:30 Core PPI
Nov 14 10:00 Business Inventories
retail sales should recover a little due to the drop in oil
PPI---think will hold about average
Bus. Inventory is normally ignored...but with a potentially topping market...might carry more punch.
I am "hoping" to see profit taking Monday and be out of my puts. My confidence is not very high in either direction. It has surprised me to not see more selling with the Dems taking house and senate.
I believe that we are due for a correction just based on the present values.
How about you?
I currently have only one stock holding, but I don't actually control it (yet....it's a significant stake in ETR, and it's a looooong story).
The major part of my investments are in different funds (now weighted toward Value and Overseas) and bonds.
I'm not making any major move at this point.
I may change my mind next spring.
OUCH...held to long...back to luck again. Market rallied later today.
oh well...business first...options 2nd..got stomped today.
Options expiration....stomped in the dirt and left for dead...smile
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