What a wild ride last week! The ETF Cashinator forewarned about what was to happen and I wrote about that last week. I ran the report today again and it is UGLY! There is a lot of insurance buying and speculation but it’s all to the downside across the board. We may be in for another Dow 7k or 8k soon and I’m still largely in cash. OIH has dropped significantly and I think it’s a bargain but I will proceed cautiously buying only 100 shares at a time and selling closest calls to immediate expiry.
Here’s the Google Link to ETF Naked Puts.
Here’s the Google link to ETF Covered Calls.
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.