Buy IWM via selling Mar 70 puts IWM @80.6. There is a shelf of support at 75 and more at 70. Again, selling puts can be thought of as being paid to place a buy-limit order at the strike price. The golden cross on SPY (the 50-day-moving average crossing above the 200-day on the chart) is part of the bullish case (link).
Despite the list of longs below, I am not positioned for a strong bull move. As stocks rally, the delta decreases on short puts and many are near delta zero. I feel the urge to use more aggressively bullish strategies, but this is tempered by the bad results in the past when I get those feelings.
Long AAPL AMZN BRKB EEM IWM SPY TBT
Short GDX
No comments:
Post a Comment