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Yes, as pere the article earlier this week I have set up the put selling ladder and will move it forward if needed as we approach Feb 20 expiry
While I think there is a good chance for the market to hit 2000 and break it finally, I have waited a long time for it to happen. Meanwhile I am not holding SDOW and still trading the UDOW. I like the SDOW as it is easy to repair the trade going down with 2X short etfs than 3X short ETFs.
Thanks for posting your charts.I love this pullback! I will be trying for more Put Selling on Thursday. I missed my big chance today.
Hi 1579
Yes I saw the stock fall and I sold more naked puts at $42 on Feb 3. I like it and think it will bounce higher.Disney has been wonderful for over two years. I still think it will move higher in 2015.
My opinion on ETFs is, I prefer stocks. I have written quite a few articles about the difference but in short, stocks are easier to chart, rescue and profit from in my opinion. But stocks have to meet my criteria and only a handful out of the thousands, do.
I like the layout of your trade here. Very well thought out. Personally I would love to also hold some cash back and then trade the morning volatility after the news is out on the earnings. After hours YUM is up 1% so selling another round of call options would be interesting at the $79 or $80 call strike. I will be trying that on Thursday near the open. Thanks for posting your detailed outline.
You both have a point with your iron condors. I still think the YUM one has more merit than the Amazon one does but then I do not like Amazon and feel it is highly speculative while the YUM stock I feel has a lot of worth and trades at what I think are appropriate levels. It often comes down to the individual investor and what they consider investing. Thanks again for your postI rolled down to the $85 put strike and added more puts. I also picked up some shares yesterday and then will have to sell them tomorrow unless the stock moves higher. It looks like it plans to pullback again. I will write this one up. I see no rush to roll down though. I just wanted the added premium