Trade and Market Update

The market is DOWN today, but let’s continue to be patient on our bottom, December, bull put spreads.  Unemployment numbers are coming out next Friday, Dec 4th, and implied volatility (VIX) will most likely increase in anticipation of this major economic release probably giving us better strike prices and higher premiums.  The DOW and S&P 500 indexes are still in the top range of their respective upward sloping channels, so there is a good chance that these indexes will pull back farther, giving us better, and safer, December strike prices.

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