Be careful with Puts. We are still in a uptrend. The problem is this. As I talked to the Stock Broker yesterday, he said the media has taught everyone to buy the DIPS. He calls them DPSHIT Buyers. He said because of the Overbought, High Sto's High MACD"S, its real easy to believe the Bullshit Media. He also said this could last for several months to a year. But when it falls, It will FALL HARD.
He told me watch for Gap Ups and If candles turn to my favor and I get early signal to downside, then Play PUTS but have quick trigger if things don;t go my way. He also said no trades are to be held overnight unless the 5 minute candle 15 minutes before close and volume is high telling you to follow the trend.
Either way, Ride winners as long as they give and get out when the candles tell you.
The premiums started getting high so I sold. Afterwards it faded nearly 2 points. Timing was important and there was a little luck as this is the first day I used the TICK
