Hey Coach What strikes in june are you looking @ setting up. I am already in 30 1350/1360 @ $1.90 20 1350/1360 @ $0.80 Credit = $1.50
June is tough for me right now. Loaded up on my largest position to date for MAY and gonna ride it out to get all the premium and save the commissions to take my profits in May. After that I hope JUNE will not be to close too expiration for decent premium OTM. On the put side I would like to be no higher than 1230 for right now although we are flirting with breaking 1280 and a few bad days so I might want to be lower. Avoiding the call side for now since the premiums are also light but looking into diagonals using JULY/JUNE on a good rally...
I think we are finding support here. If SPX retakes the 1300-1302 level on a closing basis we should be good for another month of channel churning. Of course any bad news like the CPI number tomorrow and all of this is out the window.
I was reading back through a couple pages and came across this post. Must have missed it. I also realized that I meant 1250. That is where I see support. Of course, if we drop to 1270 during the next few days, I will be rolling my current position down/out probably to JUN 1245/1250.
Hey Coach, I saw that the Risk Dr. has some new webinars coming out. Any chance you can negotiate a discount for your loyal followers? Cody