When i bought the 1 google put i forgot to buy my 1 amazon put at that time. Fortunately today Mr. Market gave me an opportunity to buy 2 at a good price. Looking at the amzn after hours it looks like it will pay off. I have to admit the google put is a gamble. But i'm working with bear market rules which losely state good news is bad, bad news is horrible, and great news is just a lie.
We will see what happens but looking at the market sell-off of the post fed cut rally i believe i have a greater than 50/50 chance of it paying off.
It's looking to me like we had a little rally into the declining moving averages and as such the decline is to continue for now. We will see about tommorows job numbers. Whether they are good or bad my guess is the birth death model will have a heavy effect.
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