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February 24th, 2009 at 2:22 pm
SKF/RMM – I would not sell puts. It is not the same as selling calls as XLF can go up to $10 (up 50%) and UYG will blow you out the door. Don’t forget we sell the calls because we have a reasonable premise that the government would do SOMETHING to stop XLF from falling below $7 but the government would be thrilled to see it rocket back to $14.
BAC behaving very well at $4.60 with a slight pullback – looking good fro another leg through here!
NYSE right on the line – Big deal!!! RUT is our last holdout if they can punch it through….
FMD rules!