Disclosure: I Bought June Puts on SPDR Dow Jones Industrial Average (DIA)

May 27th, 2013

Warning: This is not a recommendation to buy, sell or hold any financial instrument.

Update: TW Asks: “What the hell does this post mean?”

It means that I will make money if the Dow Jones Industrial Average crashes over about the next month. I’m letting everyone know that I have a financial interest in the market going down.

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Bid got hit Friday afternoon. I bought some lotto tickets based on the formation of a doji candle on the weekly interval after the long ramp job.

Posted in Announcements, Economy | Top Of Page

2 Responses to “Disclosure: I Bought June Puts on SPDR Dow Jones Industrial Average (DIA)”

  1. steve holmes says:
    May 27, 2013 at 7:33 am

    Faith in Saint Ben Bernanke and his ability to continue to levitate the completely controlled, artificial, “free market” of wall street would be very optimistic. Puts are definitely going to be the “gee I wish I woulda” option one day soon.

    With the Bernank leaving the Fed soon, he’ll probably be replaced with an idiot like Geithner, Corzine or Dimon, considering Obama’s choices of late.

    Hanging with Super Mario Brothers in their quest for shiny coins ain’t a bad plan either IF you have the guts to live in the chaos of price extremes while paper GLD goes straighr to hell while physical breaks free.

  2. steve holmes says:
    May 27, 2013 at 7:35 am

    But what do I know. All of that is my less than humble opinion. Y’all are on your own. Be smart- prepare.

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