Prediction based trade 79 (weekly) : US market June 16-20,2008

 

Dow down 93  and nasdaq down 8 points about after 25 minutes of trade today

 

 

Indices likely to recover after initial correction

 

Strategy for the week: strong correction likely during mid week

 

Buy 1 nasdaq put options now at  2446 and add 3 puts options for every 15 points increase in nasdaq by/before wednesday.Book profit at every 25 point fall in nasdaq with reference to purchase point. Maximum puts to be added in all = 30.

 

Updates will be given from time to time

 

Disclaimer: all risk to be borne  by trader/investor