The Way to Play the Game

A tip off monday alerted me to the very strong possibility that jobs numbers, one of the most influential pieces of data the market chooses to act on, will be far below expectations friday.  Tuesday and Wednesday market performance seems to think that expectations are already below expectations, if that makes any sense.  Anyways, I was planning on riding some debt deal thunder then laying down a massive put on the S&P before friday.  However, the debt deal thunder lasted about an hour and was only good for ~1%.  Fear not, I am still going to make my put, and i'll chose the expiry to be sometime around november/december.  I'm going to let this ride for a little bit, I think there is much further to fall in the near future until the fed decides to do something.