Well, i totally blew that stupid WYNN put... for one thing they are liars.... the economy stinks in China too.
Anyway, the position that might be of interest is the DEFENSE/MILITARY related puts. History says democrats cut that type of spending. If you look at the charts since October, one would think the election is priced in. But if you look at the charts going back into 2000, you will find that NOC/GD can still head 100% LOWER!. The question is how long?
MAY 2009 puts for NOC & GD are dirt cheap... Anyway, the plan is to leave it in there...
The bear rally that we might be in at this point may not apply to all stocks...
In the end, everyone is waiting for Nov 4 to pick a direction... Although, the street in general is saying the worst is behind us. I think it is just a setup for the worse.
I HATE that WYNN position... i went against my gut feeling... and paid big time...
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