I have another
positive month. It may seem like child's play to trade a
mostly up market. However it is tempting to out think the room and try to
be the hero and call the top.
I also sell puts on XOP XRT.
Sell
XOP Dec 60 puts
Sell
XRT Dec 81 puts
This is the Oil Exploration ETF (XOP) and the Retail ETF (XRT).
Both trades are way out of the money, very low reward, high
probability of success (aka as worm trades).
Going forward I am:
Long
BA BRKB GDX GILD IWM IYR
Long
KORS M NSC WHR TM XOP XRT
Net
long APC
Net
neutral LGF