June 12, 2006
The Big Whoosh?!@^#%*??
I see that the Nikkei is down another 500 plus points. Gold is down another $10.
I am setting a late night game plan.
I would love to see Gold down another $10-$20 overnight and the US futures limit down. With quadruple option expiration this Friday, volume will be dizzying as it is.
The trader in me would buy a limit down and scale in with calls into a further mess for a bounce next week.
Screening through the option chains now of stocks I would consider for the biggest bounces. Unfortunately, most of the stocks I would buy are ETF's that don't trade options yet. RatFarts!