1. IWM: Apr 72/71 vertical put spread for 0.50 or less. Most likely Apr OPX target for IWM- at or below 70.00
2. M: Apr 24/23 vertical put spread at 0.50 or less. I think M will close at or below 23.00 on OPX Fri.
EDIT (4/12/2010): Removed BAC put spread. I was not aware of BAC earnings this week at the time of writing the original post.
IWM: 72/71 Apr put spread could be a safer play.
Guesstimates on April 15, 2025
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*June S&P E-mini futures: *High volatility, panic conditions still prevail.
The odds favor continuation up to 5700-50 before another big drop becomes
lik...
3 hours ago