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Post# of 79025
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bbgold

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bbgold

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Re: Duma post# 59674

Monday, 12/12/2011 11:06:10 AM

Monday, December 12, 2011 11:06:10 AM

Post# of 79025
Yes, I already sold SPXU 13 Calls
If I pick up TNA and write calls on it also I would be covered a bit in either direction.
Right now I am just 20% SPXU and the covered calls on it.
I started watching the covered calls back in Nov when SPXU was having big swings. Still not used to using them but the last 2 months they would have worked well for a hedge. Thinking the same thing with TNA here especially with the high premium short term.

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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