Gaucho

SPDR S&P Homebuilders ETF Options Strategy

Go on and sell thousands of puts for late 08. These Puts will surly break you account. Many people have bought in to the Crap that the housing market/economy will turn around by the second 1/2 of this year. Many of the housing stocks rallies based on that assumption. Well folks don't drink that Kool-Aid yet. The housing market slide is accelerating and will fall at least 10%-15% more this year and another 10%-15% next. The oversupply will take a long time to work off. The real-estate agents will run out of suckers to buy new houses when the house across the street is in foreclosure.
On top of that we are heading into a recession that could last for years. The stock market will continue to fall and the Bear rally will end soon.