Watch List

3323 – 14669 at 0.07
1186 – 14878 at 0.23
991 - 14601 at 0.21

Reasons to watch:

3323 provides very strong safety margin.

1186-14878 is unbelievablely very cheap at only around 60% implied volatity.

991- 14601 offers over 50% volatity every day for the last two weeks.

Closed position on 991-14601 on Monday.

Forward strategy: wait for the DJA heavy drop pending disappointing annoucement figures, hopefully these two days and the subsequent 30%+ drop from the Monday closing for re-entering the position, probably on Wendsday or Thursday.

If the DJA drop (200 pts + in a signgle day this week) not happen, then seriouly rethink the way forward.

I guess this week is the critical week. The direction could be ascertained.