Oct 19th

It has been a long time - Trading is going well although I find the market challenging. Every time we are forced to make an upside adjustment we do so with regret.

This post is to share a trade which I just entered

short Nov $10 PUTS in TZA 50ct - if not assigned they give you 5% in 32days.

If assigned you can turn around and sell the Dec 10 calls.

This trade will for fine as long as we get a sell off before the TZA is so low that selling calls is not longer interesting.

Your risk management is your trade size -

Comments

[The Options Jedi]

Welcome back Ernst,

We've missed you!