Replying to "Syggy:"
If after two weeks we still like the position you could go buy the Oct 112 puts right now they cost $1400 and have 6 weeks to expire that's almost 5 times more if I am looking for these options to triple a 3 point move would do that a 3 point move in the Oct. options would not cause them to triple in two weeks. If we still like the trade but the
market has not moved our way yet we could go buy the 0ct 112 puts (probably would be under $1000). If you buy them now and decide the trade is not going to work you would taking a much bigger loss then $300. I think risking $300 on a trade that takes you through unemployment and FOMC meeting is prudent.
Thank you for your comment feel free to call if you have any other questions
Larry Baer
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