Plays Today: September 10th, 2009
September 11, 2009 – 6:03 pmThe lackadaisical trading ranges the past few months has been rather depressing to say the least. Realistically though, this is normal during “normal” times. Traders have become rather lucky at the big range trading in the past, something that has never happened before. None the less, I can counteract this by playing the high leverage ETFs, effectively multiplying the volatility and exposure to certain sectors.
For those that do not follow my twitter, I sold some more Conoco-Phillips (COP) today due to some overhead resistance and purchased a chunk of the 2-1 Leverage Spyder etf (SSO) October 33 puts.
One Response to “Plays Today: September 10th, 2009”
theres a rollover to dec contract in the futures there is a 4 to 5 point cash difference from the sept contract im expecting a bounce from 1025.50 to 1039.25 then back down but the decline could extend down to 1010.50
By john on Sep 14, 2009