Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

I been looking to take short PUT premiums and close down some short Calls. My general impression is that I don't see the high PUT premiums and low CALL option premiums one would expect if market is going to test OCT lows this week.

Something tells me a strong rally sometime before FEB options period, FEB 20th, is still in the cards unless they raise PUT prices and give next to nothing in exchange for covered call writers.

Went long SNDK at 15.10 with short puts at $15. Closed short calls on XOM BP and AMGN. Time premiums haven't decayed on bunch of tech short calls but I been added short tech PUTs in combo which is keeping account balance flat but I am building cash premiums in account and corresponding short PUT liabilities.