I believe that many long positions in this market are being pressured and fear will cause a great many to close them... to me, unless something MAJOR happens,(ALIEN INVASION?) it will cause a bottom and stocks will rebound... understand, the Fed. still has and will use MASSIVE firepower to prop up the markets...
GM
thank you, but i am curious why you don't do puts as well for times like these? if you do both calls and puts far out, you can benefit from both i am learning the hard way.
I agree...ty G