Yeah MICC just likes to bounce back and fourth from 60-80 it seems. I wouldn't enter puts anytime soon though as im already short in two positions. Maybe in the coming days though, Let it play out a little to see where it wants to go.
I was just happy with my 75 prediction for exp. though it did get pegged just below. a big FU to the 75 call holders.
Defiantly something to keep an eye on though.
Fridays trading was all pumping to protect positions on exp though.
AMZN, AAPL, MICC, RIMM.
All peged just below round numbers.
Next week when all the shares bought up friday are dumped throughout the week. We should see red all over..
I think I'd rather enter RIMM short that mess with MICC, dollar reward potential, chart looks better too for going short too. Also the options are much more liquid on RIMM.
Friday might have been a good put entry on RIMM but i think it was better to wait for a conformation of the downward trendline's strength, or a bounce off of resistance. 65 would be an awesome short entry, but im doubting it will get over the 61 area.
Bout to head off to bed and hopefully wake up to bloody red futures.

Currently up 3.25pts SPX futures, Might be hedging for short positions.