Friday, September 23, 2011

Terry's Model Portfolio - October 82 SPY Put

Trade Execution - Buy 20 October 82 Puts on SPY @ 0.25.
Time - 7:15 a.m.
Value of Trade - $500.00
Rationale - Thursday/Friday/Monday Crash Pattern noted by Art Cashin and Alexander Elder, Come Into My Trading Room: A Guide to Trading, page 197.