Ultra Short Term Sell - BUY PUTS

We are going to buy puts in steps here, as it is quite aggressive in the face of such strength.

Now that the target has been achieved I am going to put on 1/3 of my position with a stop at 1561 on the S&P 500.

As the market begins to go with the first trade I will then add to the position as this occurs.

Remember, this is a very aggressive trade, but also one that could score big today and perhaps be out for the week-end.