Tue 12/1/2015 07:52 ET
S&P 5002080.419.570.46%BANKS24.560.020.08%OIL41.619.990.24%Nikkei20012.40268.171.34%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Writing Options (Direxion Shares ETF Trust Small Cap Bull 3x - TNA)    For those interested in writing calls, puts, and spreads

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add TNA
From: grdngkko (Rep: 48) reply to Bender24Date: 02/21/2013 18:38
Forum: Writing Options - Msg #962 - List TNA msgs Thread #673504039 (Rec: 0)
Re: Wrote Mar 62 puts @ .55

one good thing about a sharp decline (if there ever is a good thing) is the improved premiums. I wasn't comfortable writing puts in the 80s or FAS in the 150s after the sharp runup the past 3 months but this pullback has provided an opportunity to write puts at a lower level. Of course, it can go much lower. A 7% pullback in IWM from the highs could take TNA into the mid 60s. I am heavy in cash so I wouldn't mind starting a position at that level. I also wrote some weekly 70s early this am @ .41. Also short 1 AAPL 435 put expires tomorrow. AAPL not acting well so I may take a break on that one. If the 435 level doesn't hold, it could drop to 400, imo. We'll see how the next few days go. Good luck!

Share This Post:

Reply to Bender24 - Msg #961 - 02/21/2013 15:19

Wrote Mar 62 puts @ .55
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser grdngkko: Reward | Watch | IgnoreTNA: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add TNA

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.