Take the unknowns of the fiscal cliff off the table and 2013 is analysed to be a bull year. If you believe this buy long into VXX puts as a calender spread as the news causes more fear and market drops. Take the volatility that is sure to be around over the next month and buy the puts in the front months...
I am currently still holding Jan 13 28 PUTS starting on the day plan-B was taken off the table. I am only playing with 10% of 2012s profits, so I absolutely view this as a speculative play but I still find it hard to believe that even this government would allow us to head full speed into another recession over entitlements and taxes.
Let's face it we have become an entitlement nation, time to cut the cord and fix the defense budget. Especially since we now want to being "training" in Africa and focus more on a southeast Asia curtain. Terrorists aren't going away anytime soon.
Happy Trading...
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