Buy
FDX via selling Nov 105 puts
I
sell puts on Boeing and Federal Express. Some time back FDX had a
nice break out at the 105 level and that is the strike price for the
short puts. Boeing has been a strong stock, except when one of their
planes has an incident.
The
stock market closes near the lows, so these positions start in the
red. However, they are more of the low risk, low reward, high
probability put sales that I have been doing for some time now. None
of my October positions looks to be in serious danger of assignment
(when the stock moves below my put strike price).
Long
AMGN APC BA BRKB FDX GDX IWM KORS LGF NKE XRT
Net
long GLD SPY
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