Predictions based trade 94: US market Aug 19

Dow and nasdaq down 67 and 14 points after about 10 mts of trade.

 

Market outlook: Both indices likely to bounceback by afternoon creating a peak formation approx between 1-2 pm( US time). Thereafter marketoutlook is less certain due to volatility( a sharp fall is possible in late afternoon)

 

Strategy: Buy two lots of dow index call options one at dow -100 and second at dow -150 with stop loss at 190 for both. Buy both lots before 12 noon