S&P 500 at 15 months Low

The S&P 500 was at 15 months Low yesterday. The Dow and Nasdaq Composite broke Aug Lows convincingly. The Bears are now in control again. While the market may experience short rallys in the near future, the downtrend continues.

So how do we play the market? For the moment, I would only play shorts playing the weak stock in a weak sector when the market is also weak.

Yesterday, I played the STX in preparation of their earnings results after the market closed yesterday.

• STX - Jan 20 Put @$0.20 (when the stock is around $20.80)
• STX - Bear Call Spread Jan 20/22.5 Call @1.35 (when the market is about 21.48)

- PersianCat (Millionaire-in-progress)