This risk-averse activity is reflected in the early morning forex cross pairs, marking a strong sell signal. US markets tend to lead rather than follow – will be interesting to see whether the pre-market futures hold at 0.3% down.
If you have a favorite stock you like, today might be a great day to put in an order for one of those “it’ll never get filled” prices. Today just might be your day. Alternatively selling cash covered out of the money put options (selling a put and holding cash in case of execution) is a way to take some premium in hand in the hopes that those options expire worthless. If they do get executed, you end up buying shares for a steep discount from today’s price.
As always, if you don’t have access to traditional put and call options, there is always a binary options account.
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Also Don't Miss Out on the New Binary Options Trading Signals and Free Binary Options Trading CourseThe slide has been pretty prolific today, looks like we got the title right this morning. FX crosses have lightened the bleeding a little, but that is a shades of blood red versus fire-engine red difference – a.k.a. the slide continues into the afternoon. S&P already down 3% for the day. It’s absurd Tesla Motors’ IPO is up for the day – a total financial engineering job that one is. I can’t wait to short that one.
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