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  • Ocean Man
    Bought Aug SPY $140 puts for $3.13 with SPY at 138.10.
    7/19/12
    Reply (5)
    • samal: you think we will go up from here?
      7/19/12
    • mljpm: He bot puts, no?
      7/19/12
    • Ocean Man: Bought puts is a down bet. Not an intra-day play by the way, legging into a bet we'll go down by mid-August.
      7/19/12
    • Ocean Man: And I just sold some Aug 130 puts against those for $0.51 to make that a put spread.
      7/19/12
    • samal: thanks OM answering patiently to all my questions
      7/19/12