Replies to post #154078 on SPDR S&P 500 (SPY)

[Scripo]

Traders market now to a certain degree so getting in an out is smart. But i think to myself if i would have closed my puts the friday before aug 24 i would really be kicking myself. Slow stoch on the daily has been weaving and currently pointed up after all never went back to overbought. But the short term occilators are whipsawing so i say f it. Im holding solid position in puts. And i think its worth the risk. Think only way to make money on calls is a gap up clearing over hurdles as spy does. Will see gl in the morning bud.

[dannyzee84]

I am loading 150s in January and thinking about loading some higher strike ones.. Tomorrow is going to be my day to load puts for next week I believe and I am going to DCA from there ..

[imiloa]

seems a fine strategy for this current landscape.
barring QE, does seem likely we'll see another drop this fall,
even if the fed can kicks again.

and taking profits when they avail is always smart, imo.

if you want to keep some longer term
you could always sell enough to cover cost basis
and let the "free shares" ride for the potential drop to come.