Thursday, August 11, 2011

Buy PFF (sell puts)

Buy PFF via selling Oct 30 puts with PFF@36.7

I view this as putting in a bid for the preferred stock ETF at 30. If I get assigned fine, if not I get a small premium. The spreads are wide on the PFF options, so the options aren't suitable for short term trading.

Long GLD, PFF, SPY, TLT

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