ETF Covered Calls 07-24-2009

OIH popped up to $107 and I’m seriously considering cashing out at $110 and staying in cash.  I took a look at the ETF-Cashinator and it shows messy volatility through February 2010.  I can only surmise that we’ll have higher highs and lower lows from now till then unless something dramatically changes.   The October $110 strikes for OIH look very tempting and if the economy begins recovery in 2010 then it would be prudent to hold OIH till then but I’m still undecided.   Let’s not forget that many states are broke and many are running out of unemployment funds and a big chunk (500,000+) of people will run out of money within the next month or two just in time for back to school.

Here is the ETF-Cashinator report for today.

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