General Electric Company (GE)

[Porgie Tirebiter]

Yep. And not only did I end up getting put in at $25, after I made that post I wrote another set for 55¢ expiring next Friday.

I think writing the puts is a much safer way to play for a bounce this upcoming week than going with long calls. I try to stay away from long options when volatility spikes. Long options become way too dangerous under those conditions.

I've been heavy cash for a few months waiting for some market correction. I just hope I haven't jumped the gun.