but i started selling at the money 16/14 TZA put spreads
yesterday that expire this friday because rsi5 on TZA was under 10
yesterday morning and im happy collecting $45 premium per spread
with only couple days til expiration....worst case i get TZA put to
me with cost basis below 16 which im happy owning.....i like
selling put premium on oversold stuff that i like owning and with
weekly options now for indexes can be good strategy
althought i did buy some far in the money Jan 84 puts with the
divergernces in vix and little/no time value in puts
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TZA
TZA charts
Posted by hazbin1 on 14th of Dec 2010 at 03:36 pm
Ditch, I'm with you, had my hand on the trigger today @ 16.29, did it on paper cause my hand hurts from getting smacked so many times past 6 weeks.
LOL, I feel your Pain! looking
Posted by ditch on 14th of Dec 2010 at 03:39 pm
LOL, I feel your Pain!
looking and watching SDS,SRS too there are many good short etf set ups. But I'm Scarrrrrrrrrrrrrrrrrrrrred !
yeah best to wait til acual down day with all the fed/noise this week
Posted by loveit on 14th of Dec 2010 at 03:54 pm
but i started selling at the money 16/14 TZA put spreads yesterday that expire this friday because rsi5 on TZA was under 10 yesterday morning and im happy collecting $45 premium per spread with only couple days til expiration....worst case i get TZA put to me with cost basis below 16 which im happy owning.....i like selling put premium on oversold stuff that i like owning and with weekly options now for indexes can be good strategy
althought i did buy some far in the money Jan 84 puts with the divergernces in vix and little/no time value in puts