Monday, August 24, 2009

Tom Sosnoff Bearish Market Opinion

Tom from Thinkorswim presented a few bearish trades last week at SF Moneyshow. He's a contrarian trader and expects a pullback before Sept expiration.
Below is a list of some of his trades.

OIH
6-9% lower
Sell Sept 110/115/95/90 IC $2.35

QQQQ
8% lower
Buy Sept 41/39 put $0.85

EEM
8% lower
Buy Sept/ Dec 33 put calendar $1.29

AAPL
7% lower
Buy 150/160/175 call butterfly $0.00

RIMM
2-4% lower
Buy 70/75/80 call butterfly $1.12

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