Friday, March 04, 2011

Buy XME (sell puts)

Buy XME mining ETF via selling Apr 59 puts. 65 and 60 are support, XME @73.0. I consider lifting the long put in the SPY vertical put spread to go totally long SPY with short puts. Instead of doing that I buy into a strong sector and leave the long put in place.

Long GDX, GLD, SPY, TBT, XME

No comments: