Overnight gap offers opportunity to sell

٢٣ ديسمبر ٢٠١٣

with the gap up overnight, I'll look to buy option put for SPY for the weakness I'm gonna see at these levels: 182.69
183.34, 184.38
Next year is post-electoral president cycle so I'm expecting there's gonna be more volatility at this top. So I'm not looking to buy at current level.