Replies to post #25 on SPDR Dow Jones Industrial Average ETF (DIA)

[GreedyAgorist]

There you go. Still under after the bounce.

I finally did something I have been waiting to do for years, middle the Dow. Did that by selling a cash covered put at a strike lower than the one protective put I have left over from when I bought puts a couple weeks ago.

I should have done this years ago when somebody's "fat finger" gave us the flash crash, but I was too slow.

The effect of middling here is taking some profits off the table now from my put position, without actually closing it, with a chance of landing somewhere between the two strikes before both options expire. The put with the higher strike has a later expiration date, so if the lower put expires worthless this Friday, I may yet be able do it again next week.